£423,742
This estimated value is based upon the latest sale price for the house of £343,000 on 30 Oct 2019. 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 |
|---|---|
| £343,000 | 30 Oct 2019 |
| £64,000 | 27 Jun 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 2019 the House Price Index for SURREY was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.540%.Applying this 23.540% change to the original purchase price of £343,000 results in an estimated price of approximately £423,742.
| 30 Oct 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.540 % | £343,000 | £80,742 | £423,742 |
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 | -11.009 % | £-37,760 | £305,239 |
| 3 Month Average | -8.958 % | £-30,727 | £312,272 |
| 6 Month Average | 7.478 % | £25,650 | £368,650 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £508,113 | £492,500 | 58 NEW CAUSEWAY |
| 3 Nov 2023 | £443,252 | £432,000 | 8 REEVE ROAD |
| 22 Mar 2023 | £442,388 | £435,000 | 5 WEALD WAY |
| 11 Nov 2022 | £401,124 | £403,000 | 53 TILERS WAY |
| 7 Oct 2022 | £609,016 | £611,050 | 22 WEALD WAY |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 11 Jun 2019. Using an estimated price of £423,742 means this house is valued at £5,968 per sq meter (£554 per sq foot).
The average size of a house on REEVE ROAD is 76 sq meters (827 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Under investigation | On or near Reeve Road |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Reeve Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Reeve Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Weald Way |
| Aug 2024 | Other crime | Under investigation | On or near Tiler'S Way |