£348,833
This estimated value is based upon the latest sale price for the house of £280,000 on 1 Apr 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 |
|---|---|
| £280,000 | 1 Apr 2019 |
| £200,000 | 23 Dec 2009 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 69 sq meters or 742 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 April 2019 the House Price Index for SURREY was 120.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.583%.Applying this 24.583% change to the original purchase price of £280,000 results in an estimated price of approximately £348,833.
| 1 Apr 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 149.7 | 24.583 % | £280,000 | £68,833 | £348,833 |
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 | -8.757 % | £-24,519 | £255,480 |
| 3 Month Average | 15.655 % | £43,833 | £323,833 |
| 6 Month Average | 18.387 % | £51,484 | £331,484 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Oct 2023 | £230,229 | £225,000 | FLAT 15 CRESCENT COURT, 1 FOXBORO ROAD |
| 2 Oct 2023 | £225,113 | £220,000 | FLAT 4 APPROACH HOUSE, 2 FOXBORO ROAD |
| 2 Jun 2023 | £459,202 | £450,000 | 4 BARROW GARDENS |
| 13 Mar 2023 | £279,671 | £275,000 | FLAT 2 APPROACH HOUSE, 2 FOXBORO ROAD |
| 2 Mar 2023 | £272,043 | £267,500 | FLAT 5 APPROACH HOUSE, 2 FOXBORO ROAD |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 5 Jun 2018. Using an estimated price of £348,833 means this house is valued at £5,055 per sq meter (£469 per sq foot).
The average size of a house on FOXBORO ROAD is 89 sq meters (958 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Foxboro Road | |
| Oct 2024 | Anti-social behaviour | On or near Foxboro Road | |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Foxboro Road |
| Oct 2024 | Anti-social behaviour | On or near Foxboro Road | |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Barrow Gardens |