£261,820
This estimated value is based upon the latest sale price for the house of £255,000 on 26 May 2022. 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 |
|---|---|
| £255,000 | 26 May 2022 |
| £244,950 | 11 Apr 2018 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 51 sq meters or 548 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 May 2022 the House Price Index for SURREY was 145.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.675%.Applying this 2.675% change to the original purchase price of £255,000 results in an estimated price of approximately £261,820.
| 26 May 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 149.7 | 2.675 % | £255,000 | £6,820 | £261,820 |
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 | 9.833 % | £25,075 | £280,075 |
| 3 Month Average | -2.308 % | £-5,885 | £249,114 |
| 6 Month Average | 2.088 % | £5,325 | £260,325 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Apr 2024 | £428,723 | £425,000 | 75 LUMLEY ROAD |
| 10 Nov 2023 | £656,669 | £640,000 | 12 LUMLEY ROAD |
| 14 Apr 2023 | £275,146 | £270,000 | FLAT 35 THE QUADRANGLE LUMLEY ROAD |
| 5 Apr 2023 | £647,103 | £635,000 | 92 LUMLEY ROAD |
| 24 Mar 2023 | £274,586 | £270,000 | FLAT 30 THE QUADRANGLE LUMLEY ROAD |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 7 Nov 2017. Using an estimated price of £261,821 means this house is valued at £5,133 per sq meter (£476 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 | Violence and sexual offences | Under investigation | On or near Lumley Road |
| Aug 2024 | Anti-social behaviour | On or near Lumley Road | |
| Aug 2024 | Anti-social behaviour | On or near Lumley Road | |
| Aug 2024 | Anti-social behaviour | On or near Lumley Road | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near St Hilda'S Close |