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South Merstham House Prices

The average house price in South Merstham is £349,166 using HM Land Registry data.

The average property price increased by £51,357 (13.14%) over the last 5 years and increased by £10,264 (2.38%) over the last 12 months.

Over the last year, there were 94 residential property sales – an increase of 11 transactions (11.70%) relative to the previous year. The majority of house sales (28) were in the £398,000 - £482,000 range. Then came properties in the £230,000 - £314,000 range, where 14 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 71 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-14,557 (-2%).

In Nov 2025, there were 11 new estate agency instructions, 13 agreed home sales and 10 property price reductions.

5-Year Average Property Prices in South Merstham

13.14%

Property prices in South Merstham increased by 13.14% 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

2.38%

Property prices in South Merstham increased by 2.38% 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 - Nov 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 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
Flat 7, 5 Wychwood, London Road South, Redhill, RH1 3AZ	£235,000	£225,000	-£10,000	20 Mar 2025	12 Dec 2025	267 Days
10 Grain Cottage, Homefarm Place, Redhill, RH1 3ET	£650,000	£618,000	-£32,000	25 Jun 2025	05 Dec 2025	163 Days
Flat 3, 58 Griffin House, Albury Road, Redhill, RH1 3LL	£250,000	£220,000	-£30,000	19 Mar 2025	21 Nov 2025	247 Days
11 Reeds Meadow, Redhill, RH1 2FJ	£650,000	£640,000	-£10,000	03 Apr 2025	12 Sep 2025	162 Days
166 Nutfield Road, Redhill, RH1 3HG	£775,000	£750,000	-£25,000	26 Mar 2025	04 Aug 2025	131 Days
72 Nutfield Road, Redhill, RH1 3HA	£500,000	£477,000	-£23,000	26 Dec 2024	25 Jul 2025	211 Days
7 Albert Road, Redhill, RH1 3LU	£450,000	£430,000	-£20,000	25 Jun 2025	26 Jun 2025	1 Days
Risboro, Devon Road, Merstham, RH1 3EU	£725,000	£690,000	-£35,000	11 Mar 2025	26 Jun 2025	107 Days
24 Manor Road, Redhill, RH1 3LT	£625,000	£622,000	-£3,000	24 Jan 2025	14 May 2025	110 Days
Flat 10, 13 Rookwood Place, London Road South, Redhill, RH1 3AU	£325,000	£318,000	-£7,000	18 Oct 2024	17 Apr 2025	181 Days
41 Huddleston Crescent, Redhill, RH1 3JR	£325,000	£325,000	£0	30 Apr 2024	28 Mar 2025	332 Days

Most Expensive Streets in South Merstham

Postcode	Street	Area	Average	No. of Sales
RH1 3DU	South Close Green	Redhill	£971,666	3
RH1 3ET	Homefarm Place	Redhill	£964,500	4
RH1 3DX	Bushetts Grove	Redhill	£840,833	3
RH1 3DY	Grange Close	Redhill	£790,400	5
RH1 3EU	Devon Road	Redhill	£725,166	6
RH1 3HG	Nutfield Road	Redhill	£703,550	5
RH1 3DT	London Road South	Redhill	£690,000	4
RH1 3AX	London Road South	Redhill	£689,666	6
RH1 3BB	Quality Street	Redhill	£618,500	6
RH1 3EX	Orpin Road	Redhill	£618,375	4

Least Expensive Streets in South Merstham

Postcode	Street	Area	Average	No. of Sales
RH1 2NX	The Kilns	Redhill	£138,125	8
RH1 3FS	Fieldoaks Way	Redhill	£143,615	13
RH1 3JE	Nailsworth Crescent	Redhill	£189,216	3
RH1 3NE	Malmstone Avenue	Redhill	£203,250	4
RH1 2FW	Canalside	Redhill	£226,958	18
RH1 2NH	Canalside	Redhill	£236,990	25
RH1 3EE	Station Road	Redhill	£255,500	10
RH1 2NP	Thornton Side	Redhill	£262,250	10
RH1 2GR	Mithian Court	Montagu Crescent	£275,750	16
RH1 3EL	Downside Court	Nutfield Road	£276,666	3