£691,333
This estimated value is based upon the latest sale price for the house of £585,000 on 7 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 |
|---|---|
| £585,000 | 7 Oct 2020 |
| £494,950 | 9 Dec 2016 |
| Detached |
| Freehold |
| Floor Area: 121 sq meters or 1,302 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 October 2020 the House Price Index for SURREY was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £585,000 results in an estimated price of approximately £691,333.
| 7 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 149.7 | 18.177 % | £585,000 | £106,333 | £691,333 |
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 | -12.086 % | £-70,700 | £514,299 |
| 3 Month Average | -8.095 % | £-47,354 | £537,645 |
| 6 Month Average | 4.698 % | £27,480 | £612,480 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £436,069 | £425,000 | 22 THOMAS WATERS WAY |
| 15 Jun 2023 | £1,525,583 | £1,495,010 | 50 HAROLDSLEA DRIVE |
| 13 Jan 2023 | £852,277 | £850,000 | 49 THOMAS WATERS WAY |
| 1 Nov 2022 | £457,859 | £460,000 | 36 THOMAS WATERS WAY |
| 31 May 2022 | £464,091 | £452,000 | 40 THOMAS WATERS WAY |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 24 Nov 2016. Using an estimated price of £691,334 means this house is valued at £5,713 per sq meter (£530 per sq foot).
The average size of a house on THOMAS WATERS WAY is 123 sq meters (1,328 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near The Close |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Close |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Haroldslea Close |
| May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Haroldslea Close |
| Jun 2024 | Other crime | Under investigation | On or near Newstead Hall |