£549,896
This estimated value is based upon the latest sale price for the house of £526,755 on 31 Mar 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 |
|---|---|
| £526,755 | 31 Mar 2022 |
| £477,000 | 30 Jun 2019 |
| £275,000 | 25 Aug 2006 |
| £250,000 | 25 Jul 2003 |
| Terraced |
| Freehold |
| Floor Area: 119 sq meters or 1,280 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 March 2022 the House Price Index for SURREY was 143.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 4.393%.Applying this 4.393% change to the original purchase price of £526,755 results in an estimated price of approximately £549,896.
| 31 Mar 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 149.7 | 4.393 % | £526,755 | £23,141 | £549,896 |
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 | 5.211 % | £27,448 | £554,203 |
| 3 Month Average | 4.317 % | £22,739 | £549,494 |
| 6 Month Average | 9.614 % | £50,642 | £577,397 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Apr 2024 | £554,818 | £550,000 | 9 WOODSIDE WAY |
| 2 Oct 2023 | £552,550 | £540,000 | 17 WOODSIDE WAY |
| 1 Sep 2023 | £427,422 | £418,000 | 30 WOODSIDE WAY |
| 26 Apr 2023 | £575,769 | £565,000 | 6 WOODSIDE WAY |
| 4 Apr 2023 | £652,199 | £640,000 | 8 NUTFIELD ROAD |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 10 Dec 2018. Using an estimated price of £549,897 means this house is valued at £4,620 per sq meter (£429 per sq foot).
The average size of a house on PALMER CLOSE is 117 sq meters (1,268 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Local resolution | On or near Palmer Close |
| Sep 2024 | Anti-social behaviour | On or near Redstone Hollow | |
| Sep 2024 | Anti-social behaviour | On or near Redstone Hollow | |
| Aug 2024 | Public order | Investigation complete; no suspect identified | On or near Rural Way |
| Aug 2024 | Drugs | Under investigation | On or near Redstone Manor |