£627,653
This estimated value is based upon the latest sale price for the house of £525,000 on 19 Jun 2020. 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 |
|---|---|
| £525,000 | 19 Jun 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 138 sq meters or 1,485 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 June 2020 the House Price Index for SURREY was 122.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 19.553%.Applying this 19.553% change to the original purchase price of £525,000 results in an estimated price of approximately £627,653.
| 19 Jun 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 146.7 | 19.553 % | £525,000 | £102,653 | £627,653 |
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 | -67.371 % | £-353,696 | £171,303 |
| 3 Month Average | -19.845 % | £-104,188 | £420,811 |
| 6 Month Average | 2.988 % | £15,689 | £540,689 |
This house has a floor area of 138 sq meters or 1,485 sq feet when measured on 26 Nov 2019.
The average size of a house on CHIPSTEAD CLOSE is 131 sq meters (1,419 sq feet).
This house is the largest in the street with a floor area of 138 sq meters (1,485 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Ifold Road | |
| Feb 2024 | Anti-social behaviour | On or near Ifold Road | |
| Dec 2023 | Criminal damage and arson | Under investigation | On or near Redstone Road |
| Feb 2024 | Anti-social behaviour | On or near Victoria Road | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Victoria Road |