£1,095,641
This estimated value is based upon the latest sale price for the house of £792,500 on 8 Jan 2016. 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 |
|---|---|
| £792,500 | 8 Jan 2016 |
| £300,000 | 28 Jan 1998 |
| Detached |
| Freehold |
| Floor Area: 186 sq meters or 2,002 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 January 2016 the House Price Index for SURREY was 108.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 38.251%.Applying this 38.251% change to the original purchase price of £792,500 results in an estimated price of approximately £1,095,641.
| 8 Jan 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 149.7 | 38.251 % | £792,500 | £303,141 | £1,095,641 |
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 | -1.447 % | £-11,469 | £781,030 |
| 3 Month Average | 37.273 % | £295,384 | £1,087,884 |
| 6 Month Average | 33.848 % | £268,241 | £1,060,741 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £510,693 | £495,000 | 24 COTLAND ACRES |
| 18 Aug 2023 | £427,714 | £420,000 | 3 MOUNT RISE |
| 2 Jun 2023 | £1,114,331 | £1,092,000 | 1 FAIRLAWN HOUSE FAIRLAWN DRIVE |
| 25 Jan 2023 | £419,120 | £418,000 | 12 MOUNT RISE |
| 23 Nov 2021 | £528,417 | £485,000 | 53 COTLAND ACRES |
This house has a floor area of 186 sq meters or 2,002 sq feet when measured on 28 Aug 2015. Using an estimated price of £1,095,642 means this house is valued at £5,890 per sq meter (£547 per sq foot).
The average size of a house on RIDGEMOUNT WAY is 227 sq meters (2,448 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Mount Rise |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Mount Rise |
| Apr 2024 | Anti-social behaviour | On or near Parking Area | |
| Apr 2024 | Anti-social behaviour | On or near Parking Area | |
| Apr 2024 | Anti-social behaviour | On or near Parking Area |