£428,511
This estimated value is based upon the latest sale price for the house of £230,000 on 20 May 2009. This value is then adjusted by the current Official House Price Index for SURREY 1
Get our free house price tracker.
2-3 South Parade, School Hill, Merstham, RH1 3RA
Phone: 01737483601
| Price Paid | Date |
|---|---|
| £230,000 | 20 May 2009 |
| £232,000 | 6 Jul 2006 |
| £179,950 | 1 Mar 2002 |
| £138,500 | 18 Feb 2000 |
| £67,000 | 8 Nov 1996 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 868 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 May 2009 the House Price Index for SURREY was 80.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 86.309%.Applying this 86.309% change to the original purchase price of £230,000 results in an estimated price of approximately £428,511.
| 20 May 2009 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.4 | 149.7 | 86.309 % | £230,000 | £198,511 | £428,511 |
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 | 130.476 % | £300,094 | £530,094 |
| 3 Month Average | 101.177 % | £232,708 | £462,708 |
| 6 Month Average | 107.198 % | £246,556 | £476,556 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £348,855 | £340,000 | 19 LOWER ROAD |
| 2 Oct 2023 | £450,226 | £440,000 | 11 LOWER ROAD |
| 3 Feb 2023 | £596,485 | £592,500 | 71 SOMERSET ROAD |
| 25 Nov 2022 | £515,091 | £517,500 | 1 LOWER ROAD |
| 31 Jan 2022 | £519,497 | £490,000 | FLAT 1 JUNIPER HOUSE, 15 LOWER ROAD |
This house has a floor area of 80 sq meters or 868 sq feet when measured on 21 Jan 2009. Using an estimated price of £428,511 means this house is valued at £5,309 per sq meter (£493 per sq foot).
The average size of a house on SOMERSET ROAD is 108 sq meters (1,164 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Greystones Close |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cronks Hill Road |
| Oct 2024 | Anti-social behaviour | On or near Hardwick Road | |
| Oct 2024 | Anti-social behaviour | On or near Hardwick Road | |
| Aug 2024 | Public order | Unable to prosecute suspect | On or near Hardwick Road |