£288,964
This estimated value is based upon the latest sale price for the house of £224,000 on 27 Jan 2017. This value is then adjusted by the current Official House Price Index for SURREY 1
There have been two burglaries within the last year on or near London Road
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2-3 South Parade, School Hill, Merstham, RH1 3RA
Phone: 01737483601
| Price Paid | Date |
|---|---|
| £224,000 | 27 Jan 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 47 sq meters or 505 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 2017 the House Price Index for SURREY was 113.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 29.002%.Applying this 29.002% change to the original purchase price of £224,000 results in an estimated price of approximately £288,964.
| 27 Jan 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.7 | 146.7 | 29.002 % | £224,000 | £64,964 | £288,964 |
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 | -40.786 % | £-91,360 | £132,639 |
| 3 Month Average | -6.025 % | £-13,496 | £210,503 |
| 6 Month Average | -0.203 % | £-455 | £223,544 |
This house has a floor area of 47 sq meters or 505 sq feet when measured on 26 Jun 2020.
The average size of a house on LONDON ROAD is 72 sq meters (776 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near London Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near London Road |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near London Road |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near London Road |
| Mar 2024 | Drugs | Under investigation | On or near The Frenches |