£490,323
This estimated value is based upon the latest sale price for the house of £428,950 on 18 Dec 2020. 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 Prices Lane
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2-3 South Parade, School Hill, Merstham, RH1 3RA
Phone: 01737483601
| Price Paid | Date |
|---|---|
| £428,950 | 18 Dec 2020 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 624 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 December 2020 the House Price Index for SURREY was 129.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 14.308%.Applying this 14.308% change to the original purchase price of £428,950 results in an estimated price of approximately £490,323.
| 18 Dec 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 148.0 | 14.308 % | £428,950 | £61,373 | £490,323 |
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 | 6.678 % | £28,647 | £457,597 |
| 3 Month Average | -28.634 % | £-122,827 | £306,122 |
| 6 Month Average | -19.719 % | £-84,583 | £344,366 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £550,413 | £540,000 | 44 ORCHARD WAY |
| 1 Nov 2023 | £896,509 | £885,000 | 42A PRICES LANE |
| 31 Jul 2023 | £524,966 | £520,000 | 42 ORCHARD WAY |
| 28 Apr 2023 | £216,610 | £215,000 | FLAT 9 RIDINGS COURT, 22 PRICES LANE |
| 13 Feb 2023 | £196,073 | £197,000 | FLAT 1 RIDINGS COURT, 22 PRICES LANE |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 4 Feb 2020. Using an estimated price of £490,324 means this house is valued at £8,453 per sq meter (£785 per sq foot).
The average size of a house on PRICES LANE is 79 sq meters (860 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Prices Lane |
| Apr 2024 | Drugs | Under investigation | On or near Orchard Way |
| Mar 2024 | Anti-social behaviour | On or near Orchard Way | |
| Mar 2024 | Anti-social behaviour | On or near Orchard Way | |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Orchard Way |