£214,719
This estimated value is based upon the latest sale price for the house of £120,000 on 30 Nov 2005. 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 | 30 Nov 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 53 sq meters or 570 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 November 2005 the House Price Index for SURREY was 82.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 78.933%.Applying this 78.933% change to the original purchase price of £120,000 results in an estimated price of approximately £214,719.
| 30 Nov 2005 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 82.0 | 146.7 | 78.933 % | £120,000 | £94,719 | £214,719 |
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 | -16.775 % | £-20,130 | £99,869 |
| 3 Month Average | 42.048 % | £50,457 | £170,457 |
| 6 Month Average | 64.435 % | £77,322 | £197,322 |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 16 Dec 2020.
The average size of a house on GARLANDS ROAD is 65 sq meters (703 sq feet).