£80,764
This estimated value is based upon the latest sale price for the house of £50,000 on 21 Oct 2013. 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 |
---|---|
£50,000 | 21 Oct 2013 |
Flats/Maisonettes |
Leasehold |
Floor Area: 82 sq meters or 888 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 October 2013 the House Price Index for SURREY was 90.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 61.528%.Applying this 61.528% change to the original purchase price of £50,000 results in an estimated price of approximately £80,764.
21 Oct 2013 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
90.8 | 146.7 | 61.528 % | £50,000 | £30,764 | £80,764 |
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 | -31.159 % | £-15,579 | £34,420 |
3 Month Average | 30.280 % | £15,140 | £65,140 |
6 Month Average | 47.537 % | £23,768 | £73,768 |
This house has a floor area of 82 sq meters or 888 sq feet when measured on 29 Nov 2010.
The average size of a house on QUEENSWAY is 67 sq meters (726 sq feet).