£255,643
This estimated value is based upon the latest sale price for the house of £260,000 on 25 Jan 2023. 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 |
|---|---|
| £260,000 | 25 Jan 2023 |
| £230,000 | 6 Oct 2017 |
| £175,000 | 12 Aug 2014 |
| £158,000 | 9 Jul 2010 |
| £160,000 | 3 Dec 2008 |
| Flats/Maisonettes |
| Leasehold |
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 2023 the House Price Index for SURREY was 149.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -1.676%.Applying this -1.676% change to the original purchase price of £260,000 results in an estimated price of approximately £255,643.
| 25 Jan 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.2 | 146.7 | -1.676 % | £260,000 | £-4,356 | £255,643 |
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 | -61.323 % | £-159,440 | £100,559 |
| 3 Month Average | -29.298 % | £-76,175 | £183,824 |
| 6 Month Average | -19.275 % | £-50,116 | £209,883 |
| 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 | Local resolution | On or near The Frenches |