£1,012,078
This estimated value is based upon the latest sale price for the house of £590,000 on 27 Jan 2011. 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 |
|---|---|
| £590,000 | 27 Jan 2011 |
| £305,000 | 21 Jun 2001 |
| £247,500 | 8 Nov 1999 |
| Detached |
| Freehold |
| Floor Area: 125 sq meters or 1,354 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 January 2011 the House Price Index for SURREY was 86.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.539%.Applying this 71.539% change to the original purchase price of £590,000 results in an estimated price of approximately £1,012,078.
| 27 Jan 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 148.6 | 71.539 % | £590,000 | £422,078 | £1,012,078 |
The Postcode Pricing Model uses changes in average sales price within the RH2 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 | 75.384 % | £444,768 | £1,034,768 |
| 3 Month Average | 10.578 % | £62,407 | £652,407 |
| 6 Month Average | 36.473 % | £215,189 | £805,189 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £1,083,966 | £1,065,000 | 12 WRAYLANDS DRIVE |
| 26 Aug 2022 | £393,940 | £395,000 | FLAT 8 STOCKTON HOUSE, 21 WARREN ROAD |
| 2 Aug 2022 | £324,128 | £325,000 | FLAT 5 STOCKTON HOUSE, 21 WARREN ROAD |
| 27 Jul 2022 | £1,804,858 | £1,800,000 | 4A WRAYLANDS DRIVE |
| 11 Feb 2022 | £1,179,781 | £1,125,000 | 10 WRAYLANDS DRIVE |
This house has a floor area of 125 sq meters or 1,354 sq feet when measured on 26 Aug 2010. Using an estimated price of £1,012,078 means this house is valued at £8,043 per sq meter (£747 per sq foot).
The average size of a house on WINDMILL WAY is 148 sq meters (1,593 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Windmill Way |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Windmill Way |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near A242 |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Wray Lane |
| Jan 2024 | Anti-social behaviour | On or near Hitherwood Close |