£554,640
This estimated value is based upon the latest sale price for the house of £525,000 on 1 Feb 2022. 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 |
|---|---|
| £525,000 | 1 Feb 2022 |
| Semi-Detached |
| Freehold |
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 February 2022 the House Price Index for SURREY was 141.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 5.646%.Applying this 5.646% change to the original purchase price of £525,000 results in an estimated price of approximately £554,640.
| 1 Feb 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 149.7 | 5.646 % | £525,000 | £29,640 | £554,640 |
The Postcode Pricing Model uses changes in average sales price within the RH1 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 | 12.030 % | £63,159 | £588,159 |
| 3 Month Average | 9.133 % | £47,949 | £572,949 |
| 6 Month Average | 8.371 % | £43,948 | £568,948 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £467,178 | £460,000 | 28 PARK AVENUE |
| 2 Oct 2023 | £460,458 | £450,000 | MARGARITA LODGE LANE |
| 20 Sep 2023 | £429,467 | £420,000 | 53 PARK VIEW ROAD |
| 3 Aug 2023 | £376,796 | £370,000 | 51 PARK VIEW ROAD |
| 21 Apr 2023 | £446,349 | £438,000 | 36 PARK AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Park Avenue |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Park Avenue |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Park Avenue |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Park Avenue |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Park Avenue |