£237,896
This estimated value is based upon the latest sale price for the house of £195,000 on 30 Jun 2020. 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 |
|---|---|
| £195,000 | 30 Jun 2020 |
| £179,000 | 7 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 June 2020 the House Price Index for SURREY was 122.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.998%.Applying this 21.998% change to the original purchase price of £195,000 results in an estimated price of approximately £237,896.
| 30 Jun 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 149.7 | 21.998 % | £195,000 | £42,896 | £237,896 |
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 | 1858.598 % | £3,624,265 | £3,819,265 |
| 3 Month Average | 51.650 % | £100,718 | £295,718 |
| 6 Month Average | 22.164 % | £43,220 | £238,220 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Dec 2023 | £327,050 | £317,000 | 44A HIGH STREET |
| 27 Nov 2023 | £200,079 | £195,000 | FLAT 10 THE QUADRANGLE LUMLEY ROAD |
| 10 Nov 2023 | £261,642 | £255,000 | FLAT 26 ELBOURNE HOUSE LUMLEY ROAD |
| 26 Sep 2023 | £184,057 | £180,000 | FLAT 4 MIDDLETON HOUSE, 43 - 49 HIGH STREET |
| 27 Apr 2023 | £236,422 | £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 £237,896 means this house is valued at £13,993 per sq meter (£1,300 per sq foot).
The average size of a house on LUMLEY ROAD is 84 sq meters (905 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Public order | Under investigation | On or near Parking Area |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Parking Area |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Parking Area |
| Oct 2024 | Shoplifting | Under investigation | On or near High Street |