£400,486
This estimated value is based upon the latest sale price for the house of £325,000 on 1 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 |
|---|---|
| £325,000 | 1 Nov 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 84 sq meters or 904 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 Mar 2024 is 148.6 which is a change of 23.227%.Applying this 23.227% change to the original purchase price of £325,000 results in an estimated price of approximately £400,486.
| 1 Nov 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.227 % | £325,000 | £75,486 | £400,486 |
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 | 24.182 % | £78,590 | £403,590 |
| 3 Month Average | 7.317 % | £23,780 | £348,780 |
| 6 Month Average | -3.794 % | £-12,330 | £312,669 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Dec 2023 | £223,918 | £220,000 | 94A BRIGHTON ROAD |
| 10 Nov 2023 | £431,387 | £425,000 | 142 LUMLEY ROAD |
| 23 Jun 2023 | £359,353 | £355,000 | 142 ALBERT ROAD |
| 27 Jan 2023 | £447,890 | £450,000 | 104 ALBERT ROAD |
| 31 Aug 2022 | £209,436 | £210,000 | FLAT 2 LUMLEY COURT BRIGHTON ROAD |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 11 Jun 2018. Using an estimated price of £400,486 means this house is valued at £4,767 per sq meter (£442 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 | Shoplifting | Awaiting court outcome | On or near Southlands Avenue |
| Feb 2024 | Other theft | Unable to prosecute suspect | On or near Southlands Avenue |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Southlands Avenue |
| Feb 2024 | Shoplifting | Under investigation | On or near Southlands Avenue |