£408,108
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 88.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.045%.Applying this 70.045% change to the original purchase price of £240,000 results in an estimated price of approximately £408,108.
| 15 Feb 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.0 | 149.7 | 70.045 % | £240,000 | £168,108 | £408,108 |
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 | 107.765 % | £258,636 | £498,636 |
| 3 Month Average | 65.121 % | £156,289 | £396,289 |
| 6 Month Average | 71.129 % | £170,710 | £410,710 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Apr 2024 | £337,935 | £335,000 | 44 GREENWOOD DRIVE |
| 26 Oct 2023 | £255,810 | £250,000 | 11 THE BROW |
| 19 Oct 2023 | £353,018 | £345,000 | 53 SPENCER WAY |
| 21 Aug 2023 | £493,908 | £485,000 | 9 JORDANS CLOSE |
| 2 Sep 2022 | £344,770 | £345,000 | 49A GREENWOOD DRIVE |
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 £408,109 means this house is valued at £5,590 per sq meter (£519 per sq foot).
The average size of a house on SPENCER WAY is 88 sq meters (956 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Anti-social behaviour | On or near Greenwood Drive | |
| Oct 2024 | Anti-social behaviour | On or near Greenwood Drive | |
| Oct 2024 | Anti-social behaviour | On or near Greenwood Drive | |
| Sep 2024 | Anti-social behaviour | On or near Greenwood Drive | |
| Sep 2024 | Anti-social behaviour | On or near Greenwood Drive |