£427,840
This estimated value is based upon the latest sale price for the house of £249,950 on 12 Mar 2010. 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 |
---|---|
£249,950 | 12 Mar 2010 |
Flats/Maisonettes |
Leasehold |
Floor Area: 48 sq meters or 521 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 2010 the House Price Index for SURREY was 87.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.170%.Applying this 71.170% change to the original purchase price of £249,950 results in an estimated price of approximately £427,840.
12 Mar 2010 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.5 | 149.7 | 71.170 % | £249,950 | £177,890 | £427,840 |
The Postcode Pricing Model uses changes in average sales price within the RH2 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 | 61.353 % | £153,352 | £403,302 |
3 Month Average | 56.379 % | £140,918 | £390,868 |
6 Month Average | 62.356 % | £155,859 | £405,809 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Nov 2023 | £908,050 | £885,000 | 42A PRICES LANE |
28 Apr 2023 | £219,098 | £215,000 | FLAT 9 RIDINGS COURT, 22 PRICES LANE |
13 Feb 2023 | £198,325 | £197,000 | FLAT 1 RIDINGS COURT, 22 PRICES LANE |
23 May 2022 | £539,043 | £525,000 | 25 PRICES LANE |
16 Feb 2022 | £850,448 | £805,000 | 29 VOGAN CLOSE |
This house has a floor area of 48 sq meters or 521 sq feet when measured on 15 Oct 2010. Using an estimated price of £427,840 means this house is valued at £8,830 per sq meter (£820 per sq foot).
The average size of a house on PRICES LANE is 79 sq meters (860 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Violence and sexual offences | Awaiting court outcome | On or near Prices Lane |
May 2024 | Drugs | Investigation complete; no suspect identified | On or near Prices Lane |
May 2024 | Other crime | Awaiting court outcome | On or near Prices Lane |
Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Grosvenor Mews |
May 2024 | Violence and sexual offences | Under investigation | On or near Orchard Way |