£424,271
This estimated value is based upon the latest sale price for the house of £240,000 on 15 Feb 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 |
---|---|
£240,000 | 15 Feb 2013 |
Detached |
Freehold |
Floor Area: 73 sq meters or 785 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 February 2013 the House Price Index for SURREY was 59.0.
The House Price Index as of 1 Mar 2025 is 104.3 which is a change of 76.780%.Applying this 76.780% change to the original purchase price of £240,000 results in an estimated price of approximately £424,271.
15 Feb 2013 | 1 Mar 2025 | % change | Purchase Price | Gain / Loss | Estimated Price |
59.0 | 104.3 | 76.780 % | £240,000 | £184,271 | £424,271 |
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 | 45.162 % | £108,387 | £348,387 |
3 Month Average | 39.640 % | £95,136 | £335,136 |
6 Month Average | 59.269 % | £142,245 | £382,245 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Dec 2024 | £349,730 | £339,000 | 17 GREENWOOD DRIVE |
25 Oct 2024 | £411,573 | £395,000 | 5 GREENWOOD DRIVE |
26 Sep 2024 | £394,535 | £376,000 | 104 SPENCER WAY |
23 Aug 2024 | £399,134 | £380,000 | 10 JASMINE CLOSE |
19 Dec 2022 | £473,146 | £455,000 | 43 SPENCER WAY |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 17 Apr 2012. Using an estimated price of £424,271 means this house is valued at £5,811 per sq meter (£539 per sq foot).
The average size of a house on SPENCER WAY is 88 sq meters (956 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2025 | Other crime | Under investigation | On or near Jordans Close |
Jan 2025 | Anti-social behaviour | On or near The Brow | |
Jan 2025 | Anti-social behaviour | On or near The Brow | |
Jan 2025 | Anti-social behaviour | On or near The Brow | |
Mar 2025 | Anti-social behaviour | On or near Greenwood Drive |