£1,058,935
This estimated value is based upon the latest sale price for the house of £950,000 on 22 Oct 2021. 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 |
|---|---|
| £950,000 | 22 Oct 2021 |
| Detached |
| Freehold |
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 October 2021 the House Price Index for SURREY was 134.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 11.467%.Applying this 11.467% change to the original purchase price of £950,000 results in an estimated price of approximately £1,058,935.
| 22 Oct 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 149.7 | 11.467 % | £950,000 | £108,935 | £1,058,935 |
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 | -17.643 % | £-167,608 | £782,391 |
| 3 Month Average | 3.249 % | £30,861 | £980,861 |
| 6 Month Average | 16.175 % | £153,658 | £1,103,658 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £461,720 | £450,000 | 10 STATION ROAD |
| 30 Oct 2023 | £279,344 | £273,000 | FIRST FLOOR FLAT 4 HIGH STREET |
| 1 Sep 2023 | £286,311 | £280,000 | FLAT 4 PULLMAN PLACE, 6 STATION ROAD |
| 1 Sep 2023 | £439,693 | £430,000 | 29 HIGH STREET |
| 30 Jun 2023 | £196,437 | £192,500 | 36 - 38 HIGH STREET |