£787,037
This estimated value is based upon the latest sale price for the house of £725,000 on 23 Sep 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 |
|---|---|
| £725,000 | 23 Sep 2021 |
| £560,000 | 30 May 2017 |
| £345,000 | 27 Aug 2013 |
| 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 September 2021 the House Price Index for SURREY was 137.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.557%.Applying this 8.557% change to the original purchase price of £725,000 results in an estimated price of approximately £787,037.
| 23 Sep 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 149.7 | 8.557 % | £725,000 | £62,037 | £787,037 |
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 | 1.474 % | £10,684 | £735,684 |
| 3 Month Average | 52.261 % | £378,890 | £1,103,890 |
| 6 Month Average | 29.530 % | £214,090 | £939,090 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £655,131 | £635,000 | 12 BOWER HILL CLOSE |
| 27 Apr 2023 | £922,250 | £905,000 | 1 KINGS MEAD |
| 18 Apr 2023 | £1,569,353 | £1,540,000 | NORTH KINGS MILL KINGS MILL LANE |
| 28 Feb 2023 | £581,384 | £577,500 | 52 KINGS MEAD |
| 17 Feb 2023 | £533,564 | £530,000 | 40 KINGS MEAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Kings Mill Lane | |
| Jul 2024 | Anti-social behaviour | On or near Kings Mill Lane | |
| Jul 2024 | Anti-social behaviour | On or near Kings Mill Lane | |
| Jul 2024 | Anti-social behaviour | On or near Kings Mill Lane | |
| Sep 2024 | Other crime | Unable to prosecute suspect | On or near Kings Mead |