£259,856
This estimated value is based upon the latest sale price for the house of £50,000 on 4 Feb 1997. 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 |
|---|---|
| £50,000 | 4 Feb 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 60 sq meters or 645 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 February 1997 the House Price Index for SURREY was 28.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 419.714%.Applying this 419.714% change to the original purchase price of £50,000 results in an estimated price of approximately £259,856.
| 4 Feb 1997 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.2 | 146.7 | 419.714 % | £50,000 | £209,856 | £259,856 |
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 | 152.824 % | £76,412 | £126,412 |
| 3 Month Average | 286.327 % | £143,163 | £193,163 |
| 6 Month Average | 354.097 % | £177,048 | £227,048 |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 19 Jul 2021.
The average size of a house on GLOUCESTER ROAD is 63 sq meters (678 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Gloucester Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Warwick Road |
| Feb 2024 | Drugs | Under investigation | On or near Warwick Road |
| Feb 2024 | Burglary | Under investigation | On or near Warwick Road |
| Feb 2024 | Burglary | Under investigation | On or near Warwick Road |