£328,334
This estimated value is based upon the latest sale price for the house of £320,000 on 17 Nov 2023. 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 |
|---|---|
| £320,000 | 17 Nov 2023 |
| £300,000 | 7 Feb 2020 |
| £300,000 | 7 Feb 2020 |
| £300,000 | 7 Feb 2020 |
| £200,000 | 26 Jul 2012 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 89 sq meters or 957 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 November 2023 the House Price Index for SURREY was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £320,000 results in an estimated price of approximately £328,334.
| 17 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £320,000 | £8,334 | £328,334 |
The Postcode Pricing Model uses changes in average sales price within the RH1 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 | 12.412 % | £39,719 | £359,719 |
| 3 Month Average | -3.224 % | £-10,315 | £309,684 |
| 6 Month Average | 1.622 % | £5,190 | £325,190 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 May 2024 | £500,000 | £500,000 | 26 ST ANNES DRIVE NORTH |
| 18 Dec 2023 | £299,194 | £290,000 | FLAT 2 WINCHESTER HOUSE OLD SCHOOL CLOSE |
| 17 Nov 2023 | £328,334 | £320,000 | FLAT 11 HARROW HOUSE OLD SCHOOL CLOSE |
| 1 Nov 2023 | £315,509 | £307,500 | FLAT 5 ANAKIN COURT ST ANNES DRIVE |
| 12 Oct 2023 | £306,972 | £300,000 | 41 FRENCHES ROAD |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 18 Apr 2012. Using an estimated price of £328,334 means this house is valued at £3,689 per sq meter (£342 per sq foot).
The average size of a house on OLD SCHOOL CLOSE is 68 sq meters (734 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Old School Close |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Old School Close |
| Jul 2024 | Anti-social behaviour | On or near Old School Close | |
| Jul 2024 | Other crime | Unable to prosecute suspect | On or near Old School Close |
| Jul 2024 | Anti-social behaviour | On or near Old School Close |