1, MERCIA WAY, LEEDS, LS15 8UA - £335,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 MERCIA WAY is a small detached house of 105m², built sometime between 1983 and 1990. It was last sold for £335,000 in November 2023, which was around 21% below the average November 2023 detached price in the Leeds local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

1 MERCIA WAY Sold Prices

Land registry data shows four sales for 1 MERCIA WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Leeds local authority area for the corresponding sale date. All of the four 1 MERCIA WAY 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
2023 14 NOV	£335,000	£423,894	21% below HPI
2014 31 OCT	£220,000	£268,982	18% below HPI
2003 20 NOV	£172,000	£200,322	14% below HPI
1998 20 MAR	£76,000	£94,812	20% below HPI

1 MERCIA WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Leeds local authority area over time, sourced from the HPI. The four 1 MERCIA WAY sales between March 1998 and November 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2014 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the November 2023 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 1 MERCIA WAY?

1 MERCIA WAY is 105m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 40% of detached houses in Leeds, based on EPC data. The below chart shows the distribution of detached houses by size in Leeds, and where 1 MERCIA WAY lies on this distribution: 38% of detached houses are smaller than 1 MERCIA WAY, and 61% of houses are larger. Note that EPC data is not available for all properties in Leeds.

1 MERCIA WAY: Plot and Title Map

1 MERCIA WAY sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 1 MERCIA WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 MERCIA WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 MERCIA WAY?

1 MERCIA WAY is located in LEEDS, in the LS15 postcode district. The below map shows the position of No. 1 on MERCIA WAY.