£340,194
This estimated value is based upon the latest sale price for the house of £290,000 on 16 Oct 2020. 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 |
|---|---|
| £290,000 | 16 Oct 2020 |
| Terraced |
| 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 October 2020 the House Price Index for SURREY was 126.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 17.308%.Applying this 17.308% change to the original purchase price of £290,000 results in an estimated price of approximately £340,194.
| 16 Oct 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 148.6 | 17.308 % | £290,000 | £50,194 | £340,194 |
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 | 30.298 % | £87,863 | £377,863 |
| 3 Month Average | 11.461 % | £33,236 | £323,236 |
| 6 Month Average | 1.667 % | £4,835 | £294,835 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Aug 2022 | £463,752 | £465,000 | 38 THE DRIVE |
| 29 Apr 2022 | £413,979 | £402,000 | 90 THE DRIVE |
| 18 Mar 2022 | £300,516 | £290,000 | 21 STAFFORDS PLACE |
| 23 Dec 2020 | £166,418 | £145,000 | 5 HYPERION WALK |
| 16 Oct 2020 | £340,194 | £290,000 | 18 PRIMROSE AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Primrose Avenue |
| Feb 2024 | Other theft | Under investigation | On or near Spiers Farm Close |