£434,985
This estimated value is based upon the latest sale price for the house of £415,000 on 7 Jan 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 |
|---|---|
| £415,000 | 7 Jan 2022 |
| £305,000 | 2 Mar 2011 |
| £295,000 | 11 Apr 2007 |
| £249,000 | 18 Aug 2003 |
| £185,000 | 31 May 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 125 sq meters or 1,345 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 January 2022 the House Price Index for SURREY was 141.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 4.816%.Applying this 4.816% change to the original purchase price of £415,000 results in an estimated price of approximately £434,985.
| 7 Jan 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 148.0 | 4.816 % | £415,000 | £19,985 | £434,985 |
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 | -5.771 % | £-23,949 | £391,050 |
| 3 Month Average | 41.089 % | £170,517 | £585,517 |
| 6 Month Average | -2.787 % | £-11,565 | £403,434 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £430,527 | £425,000 | 142 LUMLEY ROAD |
| 23 Jun 2023 | £357,902 | £355,000 | 142 ALBERT ROAD |
| 27 Jan 2023 | £446,082 | £450,000 | 104 ALBERT ROAD |
| 31 Aug 2022 | £208,591 | £210,000 | FLAT 2 LUMLEY COURT BRIGHTON ROAD |
| 23 Aug 2022 | £473,799 | £477,000 | 126 LUMLEY ROAD |
This house has a floor area of 125 sq meters or 1,345 sq feet when measured on 15 Dec 2020. Using an estimated price of £434,986 means this house is valued at £3,479 per sq meter (£323 per sq foot).
The average size of a house on LUMLEY ROAD is 84 sq meters (905 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Le May Close | |
| Mar 2024 | Anti-social behaviour | On or near Le May Close | |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Oakwood Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Chequers Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Parkway |