£554,163
This estimated value is based upon the latest sale price for the house of £451,000 on 7 Jan 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 |
|---|---|
| £451,000 | 7 Jan 2020 |
| £360,000 | 31 May 2013 |
| Terraced |
| Freehold |
| Floor Area: 124 sq meters or 1,334 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 2020 the House Price Index for SURREY was 121.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 22.874%.Applying this 22.874% change to the original purchase price of £451,000 results in an estimated price of approximately £554,163.
| 7 Jan 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 149.7 | 22.874 % | £451,000 | £103,163 | £554,163 |
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 | 16.470 % | £74,279 | £525,279 |
| 3 Month Average | -6.083 % | £-27,435 | £423,564 |
| 6 Month Average | 4.067 % | £18,341 | £469,341 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Oct 2023 | £752,081 | £735,000 | 26 WOODMAN WAY |
| 15 Sep 2023 | £378,340 | £370,000 | 17 BLACKSMITH ROAD |
| 8 Sep 2023 | £421,287 | £412,000 | 146 BROOKFIELD DRIVE |
| 31 Mar 2023 | £1,449,202 | £1,425,000 | GREAT LAKE FARMHOUSE LAKE LANE |
| 29 Sep 2022 | £425,716 | £426,000 | 83 BROOKFIELD DRIVE |
This house has a floor area of 124 sq meters or 1,334 sq feet when measured on 24 May 2012. Using an estimated price of £554,163 means this house is valued at £4,469 per sq meter (£415 per sq foot).
The average size of a house on WOODMAN WAY is 127 sq meters (1,373 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Lake Lane |
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Blacksmith Road |
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Blacksmith Road |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Blacksmith Road |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Blacksmith Road |