Full Address

14 RANELAGH ROAD
REDHILL
REDHILL
SURREY
UNITED KINGDOM
RH1 6BJ

Estimated Market Value

£674,652

This estimated value is based upon the latest sale price for the house of £142,500 on 26 Jul 1996. This value is then adjusted by the current Official House Price Index for SURREY1

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Transactions for this house
Price PaidDate
£142,50026 Jul 1996
House Details
Detached
Freehold

House Price Models

Land Registry House Price Index Model

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 July 1996 the House Price Index for SURREY was 24.3.

The House Price Index as of 1 Jun 2019 is 114.9 which is a change of 373.440%.

Applying this 373.440% change to the original purchase price of £142,500 gives us an estimated price now of around £674,652.

26 Jul 1996 1 Jun 2019 % change Purchase Price Gain / Loss Estimated Price
24.3 114.9 373.440 % £142,500 £532,152 £674,652

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 390.220 % £556,063 £698,563
3 Month Average 376.744 % £536,859 £679,359
6 Month Average 398.677 % £568,115 £710,615

In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.

In July 1996 the average sale price for the 50 nearest sales within a mile of 14 RANELAGH ROAD was £89,817.

In October 2019 the average sale price for the 50 nearest sales was £431,413. This is a change of 380.325%.

So taking the original purchase price of £142,500 and adjusting it by 380.325% gives an estimated price of £684,463.

View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.

Average price on 26 Jul 1996 Average price on 31 Oct 2019 % change Purchase Price Gain / Loss Estimated Price
£89,817 £431,413 380.325 % £142,500 £541,963 £684,463
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
18 Apr 2019 £631,256 £630,000 10 SHREWSBURY ROAD
17 Apr 2019 £500,997 £500,000 3 SHREWSBURY ROAD
8 Nov 2018 £521,863 £532,000 19 RANELAGH ROAD
17 Oct 2018 £385,699 £396,500 36 RANELAGH ROAD
14 Sep 2018 £508,012 £525,000 28 SHREWSBURY ROAD

Show these sales on a map

1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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