£219,304
This estimated value is based upon the latest sale price for the house of £175,000 on 15 Mar 2018. 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 |
|---|---|
| £175,000 | 15 Mar 2018 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 17 sq meters or 182 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 March 2018 the House Price Index for SURREY was 118.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.317%.Applying this 25.317% change to the original purchase price of £175,000 results in an estimated price of approximately £219,304.
| 15 Mar 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.6 | 148.6 | 25.317 % | £175,000 | £44,304 | £219,304 |
The Postcode Pricing Model uses changes in average sales price within the RH6 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 | 27.843 % | £48,725 | £223,725 |
| 3 Month Average | 20.557 % | £35,974 | £210,974 |
| 6 Month Average | 0.634 % | £1,109 | £176,109 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Dec 2023 | £322,645 | £317,000 | 44 HIGH STREET |
| 29 Sep 2023 | £227,914 | £225,000 | FLAT 64 THE QUADRANGLE LUMLEY ROAD |
| 26 Sep 2023 | £182,331 | £180,000 | FLAT 4 MIDDLETON HOUSE, 43 - 49 HIGH STREET |
| 1 Sep 2023 | £141,813 | £140,000 | FLAT 4 1 YATTENDON ROAD |
| 27 Apr 2023 | £234,525 | £232,000 | FLAT 3 ELBOURNE HOUSE LUMLEY ROAD |
This house has a floor area of 17 sq meters or 182 sq feet when measured on 7 Nov 2017. Using an estimated price of £219,305 means this house is valued at £12,900 per sq meter (£1,198 per sq foot).
The average size of a house on LUMLEY ROAD is 84 sq meters (905 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Anti-social behaviour | On or near Parking Area | |
| Dec 2023 | Anti-social behaviour | On or near Parking Area | |
| Dec 2023 | Anti-social behaviour | On or near Parking Area | |
| Dec 2023 | Anti-social behaviour | On or near Parking Area | |
| Dec 2023 | Anti-social behaviour | On or near Parking Area |