£1,549,256
This estimated value is based upon the latest sale price for the house of £880,000 on 24 Sep 2009. 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 |
|---|---|
| £880,000 | 24 Sep 2009 |
| Detached |
| Freehold |
| Floor Area: 304 sq meters or 3,272 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 September 2009 the House Price Index for SURREY was 83.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 76.052%.Applying this 76.052% change to the original purchase price of £880,000 results in an estimated price of approximately £1,549,256.
| 24 Sep 2009 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 83.3 | 146.7 | 76.052 % | £880,000 | £669,256 | £1,549,256 |
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 | -27.234 % | £-239,657 | £640,342 |
| 3 Month Average | 32.105 % | £282,520 | £1,162,520 |
| 6 Month Average | 55.430 % | £487,787 | £1,367,787 |
This house has a floor area of 304 sq meters or 3,272 sq feet when measured on 3 Jul 2014.
The average size of a house on NEW HOUSE LANE is 193 sq meters (2,084 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Woolborough Lane |
| Dec 2023 | Other theft | Unable to prosecute suspect | On or near Woolborough Lane |
| Jan 2024 | Anti-social behaviour | On or near Axes Lane | |
| Jan 2024 | Anti-social behaviour | On or near Axes Lane | |
| Jan 2024 | Anti-social behaviour | On or near Axes Lane |