£234,220
This estimated value is based upon the latest sale price for the house of £120,000 on 2 Jun 2004. 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 |
|---|---|
| £120,000 | 2 Jun 2004 |
| 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 June 2004 the House Price Index for SURREY was 75.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 95.184%.Applying this 95.184% change to the original purchase price of £120,000 results in an estimated price of approximately £234,220.
| 2 Jun 2004 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 75.2 | 146.7 | 95.184 % | £120,000 | £114,220 | £234,220 |
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 | -16.770 % | £-20,123 | £99,876 |
| 3 Month Average | 40.860 % | £49,032 | £169,032 |
| 6 Month Average | 74.300 % | £89,160 | £209,160 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Chestnut Mead |
| Mar 2024 | Anti-social behaviour | On or near Chestnut Mead | |
| Jan 2024 | Anti-social behaviour | On or near Chestnut Mead | |
| Jan 2024 | Anti-social behaviour | On or near Chestnut Mead | |
| Jan 2024 | Anti-social behaviour | On or near Chestnut Mead |