£346,226
This estimated value is based upon the latest sale price for the house of £285,000 on 27 Aug 2019. 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 |
|---|---|
| £285,000 | 27 Aug 2019 |
| Terraced |
| Freehold |
| Floor Area: 86 sq meters or 925 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 August 2019 the House Price Index for SURREY was 120.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.483%.Applying this 21.483% change to the original purchase price of £285,000 results in an estimated price of approximately £346,226.
| 27 Aug 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 146.7 | 21.483 % | £285,000 | £61,226 | £346,226 |
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 | -47.336 % | £-134,906 | £150,093 |
| 3 Month Average | -19.891 % | £-56,690 | £228,309 |
| 6 Month Average | -4.737 % | £-13,501 | £271,498 |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 28 Feb 2019.
The average size of a house on SPENCER WAY is 88 sq meters (956 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Yeoman Way |
| Dec 2023 | Public order | Unable to prosecute suspect | On or near Yeoman Way |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ivydene Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Ambleside Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ambleside Close |