£1,586,021
This estimated value is based upon the latest sale price for the house of £1,550,000 on 7 Feb 2024. 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 |
|---|---|
| £1,550,000 | 7 Feb 2024 |
| £695,000 | 8 Aug 2013 |
| Detached |
| Freehold |
| Floor Area: 146 sq meters or 1,571 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 2024 the House Price Index for SURREY was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £1,550,000 results in an estimated price of approximately £1,586,021.
| 7 Feb 2024 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £1,550,000 | £36,021 | £1,586,021 |
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 | 114.730 % | £1,778,312 | £3,328,312 |
| 3 Month Average | 41.307 % | £640,258 | £2,190,258 |
| 6 Month Average | 12.985 % | £201,259 | £1,751,259 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £112,020 | £110,000 | FLAT 8 CHARLOTTE HOUSE THE CEDARS |
| 2 Jun 2023 | £918,405 | £900,000 | 6 FITZROY PLACE |
| 25 Apr 2023 | £473,058 | £464,210 | FLAT 1 SOUTH LAWNS, 73 REIGATE ROAD |
| 18 Apr 2023 | £168,145 | £165,000 | FLAT 6 CHARLOTTE HOUSE THE CEDARS |
| 19 May 2022 | £811,132 | £790,000 | 4 BLACKBOROUGH CLOSE |
This house has a floor area of 146 sq meters or 1,571 sq feet when measured on 15 Nov 2013.
The average size of a house on RINGLEY PARK ROAD is 156 sq meters (1,682 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Other crime | Unable to prosecute suspect | On or near Fitzroy Place |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Fitzroy Place |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Blackborough Close |
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Fir Tree Walk |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fir Tree Walk |