Full Address

7 RANELAGH ROAD
REDHILL
REDHILL
SURREY
UNITED KINGDOM
RH1 6BJ

Estimated Market Value

£478,925

This estimated value is based upon the latest sale price for the house of £482,500 on 26 May 2017. This value is then adjusted by the current Official House Price Index for SURREY1

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Transactions for this house
Price PaidDate
£482,50026 May 2017
£230,00021 Nov 2003
£119,5002 Apr 1998
House Details
Terraced
Freehold

House Price Models

Land Registry House Price Index Model

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 May 2017 the House Price Index for SURREY was 115.8.

The House Price Index as of 1 Jun 2019 is 114.9 which is a change of -0.741%.

Applying this -0.741% change to the original purchase price of £482,500 gives us an estimated price now of around £478,924.

26 May 2017 1 Jun 2019 % change Purchase Price Gain / Loss Estimated Price
115.8 114.9 -0.741 % £482,500 £-3,575 £478,924

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 -5.564 % £-26,846 £455,653
3 Month Average -1.610 % £-7,767 £474,732
6 Month Average 6.392 % £30,839 £513,339

In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.

In May 2017 the average sale price for the 50 nearest sales within two miles of 7 RANELAGH ROAD was £381,289.

In October 2019 the average sale price for the 50 nearest sales was £414,338. This is a change of 8.668%.

So taking the original purchase price of £482,500 and adjusting it by 8.668% gives an estimated price of £524,322.

View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.

Average price on 26 May 2017 Average price on 31 Oct 2019 % change Purchase Price Gain / Loss Estimated Price
£381,289 £414,338 8.668 % £482,500 £41,822 £524,322
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
18 Apr 2019 £631,256 £630,000 10 SHREWSBURY ROAD
17 Apr 2019 £500,997 £500,000 3 SHREWSBURY ROAD
22 Nov 2018 £225,617 £230,000 21 WATERSLADE
8 Nov 2018 £521,863 £532,000 19 RANELAGH ROAD
17 Oct 2018 £385,699 £396,500 36 RANELAGH ROAD

Show these sales on a map

1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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