£332,464
This estimated value is based upon the latest sale price for the house of £320,000 on 7 Jan 2022. 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 |
|---|---|
| £320,000 | 7 Jan 2022 |
| Semi-Detached |
| Freehold |
| Floor Area: 70 sq meters or 753 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 January 2022 the House Price Index for SURREY was 141.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 3.895%.Applying this 3.895% change to the original purchase price of £320,000 results in an estimated price of approximately £332,464.
| 7 Jan 2022 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 146.7 | 3.895 % | £320,000 | £12,464 | £332,464 |
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 | -44.221 % | £-141,506 | £178,493 |
| 3 Month Average | -25.136 % | £-80,434 | £239,565 |
| 6 Month Average | -7.216 % | £-23,091 | £296,908 |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 5 Aug 2021.
The average size of a house on EMPIRE VILLAS is 120 sq meters (1,293 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Shoplifting | Unable to prosecute suspect | On or near Empire Villas |
| Feb 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Bonehurst Road |
| Jan 2024 | Other theft | Unable to prosecute suspect | On or near Bonehurst Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Bonehurst Road |
| Jan 2024 | Vehicle crime | Under investigation | On or near Bonehurst Road |