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South Merstham House Prices

The average house price in South Merstham is £358,000 using HM Land Registry data.

The average property price increased by £39,110 (10.13%) over the last 5 years and increased by £7,836 (1.88%) over the last 12 months.

Over the last year, there were 75 residential property sales – a decrease of 63 transactions (-84.00%) relative to the previous year. The majority of house sales (15) were in the £392,000 - £468,000 range. Then came properties in the £316,000 - £392,000 range, where 14 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 205 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-15,200 (-2%).

In March 2025, there were 18 new estate agency instructions, 13 agreed home sales and 8 property price reductions.

5-Year Average Property Prices in South Merstham

10.13%

Property prices in South Merstham increased by 10.13% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in South Merstham Over the Last Year

1.88%

Property prices in South Merstham increased by 1.88% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for South Merstham - March 2025

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in South Merstham

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in South Merstham

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in South Merstham

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the South Merstham since 1995

Using HM Land Registry data, this chart displays average annual house prices in the South Merstham area since 1995.

Recent Property Sales in South Merstham

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
52 Mill Lane, Merstham, Redhill, Surrey, RH1 3HQ	£280,000	£260,000	-£20,000	29 May 2024	12 Feb 2025	259 Days
28 The Crossways, Merstham, Redhill, Surrey, RH1 3NA	£585,000	£570,000	-£15,000	16 Aug 2024	30 Jan 2025	167 Days
4 Grange Close, Merstham, Redhill, Surrey, RH1 3DY	£800,000	£785,000	-£15,000	27 Aug 2024	16 Dec 2024	111 Days
29 Albert Road, Merstham, Redhill, Surrey, RH1 3LU	£425,000	£420,000	-£5,000	30 Apr 2024	12 Dec 2024	226 Days
51 Radstock Way, Merstham, Redhill, Surrey, RH1 3NF	£239,950	£230,000	-£9,950	13 Mar 2024	11 Dec 2024	273 Days
89 Huddleston Crescent, Merstham, Redhill, Surrey, RH1 3JS	£450,000	£440,000	-£10,000	27 Jun 2024	15 Nov 2024	141 Days
30 Dundrey Crescent, Merstham, Redhill, Surrey, RH1 3NY	£489,950	£485,000	-£4,950	03 Apr 2024	16 Aug 2024	135 Days
60 Orpin Road, Merstham, Redhill, Surrey, RH1 3EY	£610,000	£595,000	-£15,000	05 Oct 2023	26 Jul 2024	295 Days
101 Malmstone Avenue, Merstham, Redhill, Surrey, RH1 3JH	£500,000	£490,000	-£10,000	04 Mar 2024	28 Jun 2024	116 Days
7 Dundrey Crescent, Merstham, Redhill, Surrey, RH1 3NY	£235,000	£232,000	-£3,000	16 Jan 2024	20 Jun 2024	156 Days
4 Chesterton Drive, Merstham, Redhill, Surrey, RH1 3NZ	£425,000	£222,780	-£202,220	13 Jul 2021	18 Jun 2024	1071 Days
10 Deans Road, Merstham, Redhill, Surrey, RH1 3HE	£550,000	£550,000	£0	13 Mar 2024	17 Jun 2024	96 Days
1 Sutton Gardens, Merstham, Redhill, Surrey, RH1 3QD	£385,000	£385,000	£0	27 Jan 2024	14 Jun 2024	139 Days
138 Radstock Way, Merstham, Redhill, Surrey, RH1 3NL	£475,000	£470,000	-£5,000	26 Dec 2023	24 May 2024	150 Days
38 Albury Road, Merstham, Redhill, Surrey, RH1 3LS	£525,000	£500,000	-£25,000	15 Nov 2023	24 May 2024	191 Days
78 Albury Road, Merstham, Redhill, Surrey, RH1 3LL	£525,000	£515,000	-£10,000	09 Jan 2024	22 May 2024	134 Days
238 Canalside, Redhill, Surrey, RH1 2FW	£290,000	£285,000	-£5,000	11 Jul 2018	30 Apr 2024	2120 Days
52 Holmesdale Avenue, Redhill, Surrey, RH1 2PB	£400,000	£400,000	£0	24 Aug 2023	08 Apr 2024	228 Days
29 Ash Close, Merstham, Redhill, Surrey, RH1 3HJ	£410,000	£390,000	-£20,000	26 Dec 2023	28 Mar 2024	93 Days
83 Huddleston Crescent, Merstham, Redhill, Surrey, RH1 3JS	£365,000	£362,500	-£2,500	07 Aug 2023	27 Mar 2024	233 Days

Most Expensive Streets in South Merstham

Postcode	Street	Area	Average	No. of Sales
RH1 3DU	South Close Green	Merstham	£1,046,500	5
RH1 3ET	Home Farm Place	Merstham	£965,000	3
RH1 3DX	Bushetts Grove	Merstham	£840,833	3
RH1 3EU	Devon Road	Merstham	£784,000	4
RH1 3DY	Grange Close	Merstham	£776,800	5
RH1 3HG	Nutfield Road	Merstham	£698,187	4
RH1 3DT	London Road South	Merstham	£690,000	4
RH1 3AX	London Road South	Merstham	£681,666	9
RH1 3BB	Quality Street	Merstham	£648,600	5
RH1 3HH	Nutfield Road	Merstham	£604,750	6

Least Expensive Streets in South Merstham

Postcode	Street	Area	Average	No. of Sales
RH1 3FS	Fieldoaks Way	Merstham	£132,681	11
RH1 2NX	The Kilns	Redhill	£138,125	8
RH1 3NE	Malmstone Avenue	Merstham	£198,700	5
RH1 3NF	Radstock Way	Merstham	£225,000	3
RH1 2FW	Canalside	Redhill	£226,118	19
RH1 2NH	Canalside	Redhill	£230,936	23
RH1 3EE	Station Road	Merstham	£249,491	13
RH1 2NP	Thornton Side	Redhill	£256,875	10
RH1 2GR	Montagu Crescent	Redhill	£275,750	16
RH1 3AU	London Road South	Merstham	£285,166	3