5, MELDRUM CLOSE, OXTED, RH8 9BY - £394,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 MELDRUM CLOSE is a detached house, which could now be worth an estimated £624,218. It was last sold for £394,000 in June 2011, which was around 27% below the average June 2011 detached price in the Tandridge local authority area.

5 MELDRUM CLOSE Sold Prices

Land registry data shows two sales for 5 MELDRUM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Tandridge local authority area for the corresponding sale date. Both of the two 5 MELDRUM CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2011 1 JUN	£394,000	£540,767	27% below HPI
2005 21 NOV	£336,000	£452,200	26% below HPI

What might 5 MELDRUM CLOSE be worth now?

5 MELDRUM CLOSE might now be worth an estimated £624,218.

This is based on house price inflation of 58.4%, between June 2011 and May 2026, for detached houses, in the Tandridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 58.4% inflationary increase is applied to the most recent sale price for 5 MELDRUM CLOSE of £394,000 on 1st June 2011. For the value to have increased from £394,000 to £624,218 over the fifteen years and one month to May 2026, the following assumptions must hold true:

• The value of 5 MELDRUM CLOSE has moved in line with the HPI for detached houses in the Tandridge local authority area.
• The June 2011 sale price of £394,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MELDRUM CLOSE has not materially changed since June 2011.

Where is 5 MELDRUM CLOSE?

5 MELDRUM CLOSE is located in OXTED, in the RH8 postcode district.