£662,062
This estimated value is based upon the latest sale price for the house of £420,000 on 2 Jul 2007. 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 |
|---|---|
| £420,000 | 2 Jul 2007 |
| 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 July 2007 the House Price Index for SURREY was 94.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 57.634%.Applying this 57.634% change to the original purchase price of £420,000 results in an estimated price of approximately £662,062.
| 2 Jul 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.3 | 148.6 | 57.634 % | £420,000 | £242,062 | £662,062 |
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 | 59.742 % | £250,915 | £670,915 |
| 3 Month Average | 31.422 % | £131,973 | £551,973 |
| 6 Month Average | 46.033 % | £193,338 | £613,338 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Jun 2023 | £784,503 | £775,000 | 18 SOUTH ROAD |
| 23 Jun 2023 | £645,823 | £638,000 | 12 LESBOURNE ROAD |
| 7 Jun 2023 | £759,196 | £750,000 | 42 LESBOURNE ROAD |
| 28 Apr 2023 | £679,314 | £672,000 | 35 EFFINGHAM ROAD |
| 26 Apr 2023 | £854,197 | £845,000 | 3 EFFINGHAM ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near West Road |
| Mar 2024 | Other crime | Under investigation | On or near West Road |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near West Road |
| Feb 2024 | Public order | Under investigation | On or near West Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near West Road |