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South Merstham House Prices

The average house price in South Merstham is £396,950 using HM Land Registry data.

The average property price increased by £61,660 (16.73%) over the last 5 years and increased by £12,323 (2.95%) over the last 12 months.

Over the last year, there were 101 residential property sales – a decrease of 61 transactions (-60.40%) relative to the previous year. The majority of house sales (31) were in the £384,000 - £466,000 range. Then came properties in the £302,000 - £384,000 range, where 17 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 79 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-21,158 (-3%).

In April 2024, there were 14 new estate agency instructions, 10 agreed home sales and 14 property price reductions.

5-Year Average Property Prices in South Merstham

16.73%

Property prices in South Merstham increased by 16.73% 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

2.95%

Property prices in South Merstham increased by 2.95% 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 - April 2024

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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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
34 Bletchingley Road, Merstham, Redhill, Surrey, RH1 3PJ	£400,000	£392,500	-£7,500	13 Jun 2023	19 Feb 2024	251 Days
24 Chilmark Gardens, Merstham, Redhill, Surrey, RH1 3NX	£235,000	£235,000	£00	20 Jun 2023	18 Dec 2023	181 Days
24 Endsleigh Road, Merstham, Redhill, Surrey, RH1 3LX	£425,000	£425,000	£00	04 Sep 2023	15 Dec 2023	102 Days
102 Nutfield Road, Merstham, Redhill, Surrey, RH1 3HA	£650,000	£630,000	-£20,000	31 May 2023	28 Nov 2023	181 Days
20 London Road South, Merstham, Redhill, Surrey, RH1 3DT	£725,000	£675,000	-£50,000	25 Oct 2023	20 Nov 2023	26 Days
22 Wyecliffe Gardens, Merstham, Redhill, Surrey, RH1 3HN	£325,000	£315,000	-£10,000	26 May 2023	10 Nov 2023	168 Days
10 Station Road, Merstham, Redhill, Surrey, RH1 3EE	£465,000	£450,000	-£15,000	17 Mar 2023	03 Nov 2023	231 Days
4 High Street, Merstham, Redhill, Surrey, RH1 3EA	£275,000	£273,000	-£2,000	13 Apr 2023	30 Oct 2023	200 Days
37 Wood Street, Merstham, Redhill, Surrey, RH1 3PE	£425,000	£425,000	£00	08 Jul 2023	19 Oct 2023	103 Days
44 Orpin Road, Merstham, Redhill, Surrey, RH1 3EZ	£525,000	£485,000	-£40,000	23 May 2023	17 Oct 2023	147 Days
8 Endsleigh Road, Merstham, Redhill, Surrey, RH1 3LX	£475,000	£466,000	-£9,000	10 May 2023	28 Sep 2023	141 Days
108 Nutfield Road, Merstham, Redhill, Surrey, RH1 3HA	£565,000	£550,000	-£15,000	02 May 2023	28 Sep 2023	149 Days
55 Chilberton Drive, Merstham, Redhill, Surrey, RH1 3HL	£525,000	£525,000	£00	24 Apr 2023	28 Sep 2023	157 Days
176 Nutfield Road, Merstham, Redhill, Surrey, RH1 3HG	£699,950	£699,950	£00	19 Apr 2023	28 Sep 2023	162 Days
70 Radstock Way, Merstham, Redhill, Surrey, RH1 3NH	£345,000	£334,000	-£11,000	12 Jul 2023	28 Sep 2023	78 Days
147 Taynton Drive, Merstham, Redhill, Surrey, RH1 3PS	£425,000	£402,500	-£22,500	14 Feb 2023	22 Sep 2023	220 Days
31 Delabole Road, Merstham, Redhill, Surrey, RH1 3PB	£400,000	£380,000	-£20,000	06 Feb 2023	15 Sep 2023	221 Days
29 High Street, Merstham, Redhill, Surrey, RH1 3BA	£450,000	£430,000	-£20,000	11 Apr 2023	01 Sep 2023	143 Days
39 Albury Road, Merstham, Redhill, Surrey, RH1 3LP	£650,000	£625,000	-£25,000	25 Jul 2023	24 Aug 2023	30 Days
10 Albury Road, Merstham, Redhill, Surrey, RH1 3LS	£460,000	£450,000	-£10,000	17 Jan 2023	23 Aug 2023	218 Days

Most Expensive Streets in South Merstham

Postcode	Street	Area	Average	No. of Sales
RH1 3DU	South Close Green	Merstham	£1,070,625	4
RH1 3ET	Home Farm Place	Merstham	£965,000	3
RH1 3DX	Bushetts Grove	Merstham	£840,833	3
RH1 3DY	Grange Close	Merstham	£774,750	4
RH1 3AX	London Road South	Merstham	£707,500	12
RH1 3DT	London Road South	Merstham	£703,000	5
RH1 3EU	Devon Road	Merstham	£697,200	5
RH1 3BB	Quality Street	Merstham	£695,750	4
RH1 3HG	Nutfield Road	Merstham	£632,125	6
RH1 2FT	Canalside	Redhill	£595,100	5

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	£146,583	9
RH1 3JE	Nailsworth Crescent	Merstham	£198,416	3
RH1 3NF	Radstock Way	Merstham	£213,333	3
RH1 2NH	Canalside	Redhill	£217,481	24
RH1 3NE	Malmstone Avenue	Merstham	£222,666	6
RH1 2FW	Canalside	Redhill	£223,308	17
RH1 3EE	Station Road	Merstham	£246,586	15
RH1 2NP	Thornton Side	Redhill	£253,625	10
RH1 3JF	Nailsworth Crescent	Merstham	£277,000	7