£423,550
This estimated value is based upon the latest sale price for the house of £335,000 on 19 Jan 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 |
|---|---|
| £335,000 | 19 Jan 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 76 sq meters or 818 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 2018 the House Price Index for SURREY was 118.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.433%.Applying this 26.433% change to the original purchase price of £335,000 results in an estimated price of approximately £423,550.
| 19 Jan 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 149.7 | 26.433 % | £335,000 | £88,550 | £423,550 |
The Postcode Pricing Model uses changes in average sales price within the RH2 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 | 0.336 % | £1,124 | £336,124 |
| 3 Month Average | -4.016 % | £-13,452 | £321,547 |
| 6 Month Average | 3.745 % | £12,545 | £347,545 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Jul 2024 | £790,000 | £790,000 | 10 BEEHIVE WAY |
| 16 Jun 2023 | £538,287 | £527,500 | 30 SANDCROSS LANE |
| 15 Aug 2022 | £584,734 | £582,000 | 4 BARONS WAY |
| 23 Mar 2022 | £709,874 | £680,000 | 15 SANDCROSS LANE |
| 18 Feb 2022 | £433,147 | £410,000 | 2B CASTLE DRIVE |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 20 Nov 2017. Using an estimated price of £423,551 means this house is valued at £5,573 per sq meter (£517 per sq foot).
The average size of a house on HITCHINGS WAY is 105 sq meters (1,130 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Violence and sexual offences | Under investigation | On or near Beehive Way |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Beehive Way |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Beehive Way |
| Nov 2024 | Anti-social behaviour | On or near Baron'S Way | |
| Nov 2024 | Anti-social behaviour | On or near Baron'S Way |