£154,540
This estimated value is based upon the latest sale price for the house of £89,000 on 2 Dec 2011. 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 |
---|---|
£89,000 | 2 Dec 2011 |
£90,000 | 5 Mar 2007 |
Flats/Maisonettes |
Leasehold |
Floor Area: 68 sq meters or 731 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 2011 the House Price Index for SURREY was 86.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.641%.Applying this 73.641% change to the original purchase price of £89,000 results in an estimated price of approximately £154,540.
2 Dec 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.2 | 149.7 | 73.641 % | £89,000 | £65,540 | £154,540 |
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 | 143.917 % | £128,086 | £217,086 |
3 Month Average | 76.013 % | £67,651 | £156,651 |
6 Month Average | 72.205 % | £64,262 | £153,262 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Dec 2023 | £327,050 | £317,000 | 44A HIGH STREET |
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 |
5 Apr 2023 | £249,670 | £245,000 | FLAT 49A MIDDLETON HOUSE, 43 - 49 HIGH STREET |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 8 Apr 2021. Using an estimated price of £154,540 means this house is valued at £2,272 per sq meter (£211 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 High Street |
Oct 2024 | Shoplifting | Under investigation | On or near High Street |
Oct 2024 | Public order | Under investigation | On or near High Street |
Sep 2024 | Public order | Unable to prosecute suspect | On or near High Street |