£551,464
This estimated value is based upon the latest sale price for the house of £333,000 on 16 Sep 2013. 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 |
|---|---|
| £333,000 | 16 Sep 2013 |
| £106,700 | 21 Dec 1995 |
| Terraced |
| Freehold |
| Floor Area: 104 sq meters or 1,119 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 September 2013 the House Price Index for SURREY was 90.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 65.605%.Applying this 65.605% change to the original purchase price of £333,000 results in an estimated price of approximately £551,464.
| 16 Sep 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.4 | 149.7 | 65.605 % | £333,000 | £218,464 | £551,464 |
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 | 85.879 % | £285,976 | £618,976 |
| 3 Month Average | 72.003 % | £239,768 | £572,768 |
| 6 Month Average | 81.697 % | £272,049 | £605,049 |
| 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 104 sq meters or 1,119 sq feet when measured on 4 Apr 2013. Using an estimated price of £551,465 means this house is valued at £5,302 per sq meter (£492 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 |