Full Address

15 RANELAGH ROAD
REDHILL
REDHILL
SURREY
UNITED KINGDOM
RH1 6BJ

Estimated Market Value

£419,702

This estimated value is based upon the latest sale price for the house of £300,000 on 8 Aug 2007. This value is then adjusted by the current Official House Price Index for SURREY1

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Transactions for this house
Price PaidDate
£300,0008 Aug 2007
£83,00030 Oct 1996
House Details
Terraced
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 August 2007 the House Price Index for SURREY was 82.2.

The House Price Index as of 1 Jun 2019 is 114.9 which is a change of 39.901%.

Applying this 39.901% change to the original purchase price of £300,000 gives us an estimated price now of around £419,702.

8 Aug 2007 1 Jun 2019 % change Purchase Price Gain / Loss Estimated Price
82.2 114.9 39.901 % £300,000 £119,702 £419,702

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 49.925 % £149,774 £449,774
3 Month Average 40.433 % £121,299 £421,299
6 Month Average 49.553 % £148,660 £448,660

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

In August 2007 the average sale price for the 50 nearest sales within a mile of 15 RANELAGH ROAD was £268,752.

In October 2019 the average sale price for the 50 nearest sales was £431,413. This is a change of 60.525%.

So taking the original purchase price of £300,000 and adjusting it by 60.525% gives an estimated price of £481,574.

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

Average price on 8 Aug 2007 Average price on 31 Oct 2019 % change Purchase Price Gain / Loss Estimated Price
£268,752 £431,413 60.525 % £300,000 £181,574 £481,574
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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