£341,433
This estimated value is based upon the latest sale price for the house of £220,500 on 27 Jun 2014. This value is then adjusted by the current Official House Price Index for SURREY 1
There has been one burglary within the last year on or near Ridgeway Road
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2-3 South Parade, School Hill, Merstham, RH1 3RA
Phone: 01737483601
| Price Paid | Date |
|---|---|
| £220,500 | 27 Jun 2014 |
| £172,500 | 18 Dec 2006 |
| £133,000 | 16 Aug 2002 |
| £55,000 | 7 Aug 1997 |
| £53,000 | 3 Apr 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 46 sq meters or 495 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 June 2014 the House Price Index for SURREY was 96.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 54.845%.Applying this 54.845% change to the original purchase price of £220,500 results in an estimated price of approximately £341,433.
| 27 Jun 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.7 | 149.7 | 54.845 % | £220,500 | £120,933 | £341,433 |
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 | 32.082 % | £70,739 | £291,239 |
| 3 Month Average | 57.715 % | £127,262 | £347,762 |
| 6 Month Average | 52.980 % | £116,821 | £337,321 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Sep 2023 | £260,748 | £255,000 | FLAT 8 REIBUCK HOUSE 21A RIDGEWAY ROAD |
| 26 Sep 2023 | £224,959 | £220,000 | FLAT 5 STIRLING HOUSE GARLANDS ROAD |
| 8 Mar 2023 | £300,010 | £295,000 | FLAT 2 15 UPPER BRIDGE ROAD |
| 6 Jan 2023 | £601,607 | £600,000 | 20 RIDGEWAY ROAD |
| 24 Nov 2022 | £191,106 | £192,000 | FLAT 3 4 RIDGEWAY ROAD |
This house has a floor area of 46 sq meters or 495 sq feet when measured on 5 Sep 2012. Using an estimated price of £341,434 means this house is valued at £7,422 per sq meter (£689 per sq foot).
The average size of a house on RIDGEWAY ROAD is 87 sq meters (942 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Burglary | Under investigation | On or near Ridgeway Road |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Garlands Road |
| Jul 2024 | Anti-social behaviour | On or near Upper Bridge Road | |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Upper Bridge Road |
| May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Grovehill Road |