£3,421,198
This estimated value is based upon the latest sale price for the house of £2,285,000 on 20 Nov 2014. 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 |
|---|---|
| £2,285,000 | 20 Nov 2014 |
| £1,700,000 | 12 Apr 2007 |
| £400,000 | 11 Apr 1995 |
| Detached |
| Freehold |
| Floor Area: 578 sq meters or 6,221 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 November 2014 the House Price Index for SURREY was 99.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.724%.Applying this 49.724% change to the original purchase price of £2,285,000 results in an estimated price of approximately £3,421,198.
| 20 Nov 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.2 | 148.6 | 49.724 % | £2,285,000 | £1,136,198 | £3,421,198 |
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 | 81.145 % | £1,854,156 | £4,139,156 |
| 3 Month Average | -9.894 % | £-226,086 | £2,058,913 |
| 6 Month Average | 17.778 % | £406,219 | £2,691,219 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £1,413,067 | £1,395,000 | WRAYCOTE, 3 WRAY LANE |
| 26 Apr 2023 | £1,536,544 | £1,520,000 | 2 GATTON CLOSE |
| 27 Jan 2023 | £686,765 | £690,000 | 25 GATTON ROAD |
| 11 Nov 2022 | £1,304,202 | £1,320,000 | 5 GREYSTONES DRIVE |
| 25 Aug 2022 | £1,491,984 | £1,496,000 | 15 GREYSTONES DRIVE |
This house has a floor area of 578 sq meters or 6,221 sq feet when measured on 8 May 2014. Using an estimated price of £3,421,199 means this house is valued at £5,919 per sq meter (£549 per sq foot).
The average size of a house on HETHERSETT CLOSE is 502 sq meters (5,408 sq feet).
This house is the largest in the street with a floor area of 578 sq meters (6,221 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Gatton Close |
| Dec 2023 | Other crime | Under investigation | On or near Gatton Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Greystones Drive |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Greystones Drive |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Greystones Drive |