£573,614
This estimated value is based upon the latest sale price for the house of £465,000 on 7 Dec 2018. 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 |
|---|---|
| £465,000 | 7 Dec 2018 |
| £435,000 | 27 Sep 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 136 sq meters or 1,463 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 December 2018 the House Price Index for SURREY was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.358%.Applying this 23.358% change to the original purchase price of £465,000 results in an estimated price of approximately £573,614.
| 7 Dec 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.358 % | £465,000 | £108,614 | £573,614 |
The Postcode Pricing Model uses changes in average sales price within the RH2 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 | 25.298 % | £117,633 | £582,633 |
| 3 Month Average | -17.623 % | £-81,947 | £383,052 |
| 6 Month Average | -4.120 % | £-19,159 | £445,840 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £371,500 | £365,000 | 16 CLAIRVILLE COURT WRAY COMMON ROAD |
| 18 Sep 2023 | £658,419 | £650,000 | FLAT 1 VALLEY COURT, 26 WRAY COMMON ROAD |
| 14 Sep 2023 | £1,033,211 | £1,020,000 | 48 WRAY COMMON ROAD |
| 22 Nov 2022 | £449,555 | £455,000 | FLAT 14 VALLEY COURT, 26 WRAY COMMON ROAD |
| 21 Oct 2022 | £259,209 | £262,000 | 32 DOODS PLACE |
This house has a floor area of 136 sq meters or 1,463 sq feet when measured on 28 Nov 2014. Using an estimated price of £573,614 means this house is valued at £4,217 per sq meter (£391 per sq foot).
The average size of a house on WRAY COMMON ROAD is 102 sq meters (1,099 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Under investigation | On or near Wray Common Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Wray Common Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wray Common Road |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wray Common Road |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near The Cedars |