£608,279
This estimated value is based upon the latest sale price for the house of £490,000 on 16 Nov 2018. This value is then adjusted by the current Official House Price Index for SURREY 1
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2-3 South Parade, School Hill, Merstham, RH1 3RA
Phone: 01737483601
| Price Paid | Date |
|---|---|
| £490,000 | 16 Nov 2018 |
| £315,000 | 17 Aug 2012 |
| £240,000 | 16 Jul 2004 |
| £145,000 | 7 Jan 2000 |
| £92,000 | 31 Mar 1995 |
| Detached |
| Freehold |
| Floor Area: 112 sq meters or 1,215 sq feet |
This model uses changes in the Official Land Registry House Price Index for SURREY to estimate the market value.
When this house was purchased in November 2018 the House Price Index for SURREY was 120.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.139%.Applying this 24.139% change to the original purchase price of £490,000 results in an estimated price of approximately £608,279.
| 16 Nov 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 149.7 | 24.139 % | £490,000 | £118,279 | £608,279 |
The Postcode Pricing Model uses changes in average sales price within the RH6 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 15.696 % | £76,911 | £566,911 |
| 3 Month Average | -0.816 % | £-3,996 | £486,003 |
| 6 Month Average | 4.703 % | £23,046 | £513,046 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £366,612 | £360,000 | 30 TANYARD WAY |
| 3 Apr 2023 | £424,439 | £416,500 | 94 TANYARD WAY |
| 10 Mar 2023 | £424,591 | £417,500 | 64 TANYARD WAY |
| 29 Nov 2022 | £423,022 | £425,000 | 35 TANYARD WAY |
| 19 Jul 2022 | £489,909 | £485,000 | 8 THATCHERS CLOSE |
This house has a floor area of 112 sq meters or 1,215 sq feet when measured on 17 Jun 2011. Using an estimated price of £608,280 means this house is valued at £5,387 per sq meter (£500 per sq foot).
The average size of a house on CARTERSMEAD CLOSE is 126 sq meters (1,365 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Fallowfield Way |