1, MEREFIELD, SAWBRIDGEWORTH, CM21 9HN - £495,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 MEREFIELD is a small extended detached house of 99m², built sometime between 1983 and 1990. It was last sold for £495,000 in January 2024, which was around 37% below the average January 2024 detached price in the East Hertfordshire local authority area. The most recent EPC inspection was July 2015, where the current energy rating was C, and the potential energy rating was C.

1 MEREFIELD Sold Prices

Land registry data shows four sales for 1 MEREFIELD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Hertfordshire local authority area for the corresponding sale date. All of the four 1 MEREFIELD 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
2024 26 JAN	£495,000	£789,827	37% below HPI
2015 9 NOV	£440,000	£631,555	30% below HPI
2003 26 NOV	£250,000	£368,919	32% below HPI
1997 9 MAY	£127,000	£154,648	18% below HPI

1 MEREFIELD Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Hertfordshire local authority area over time, sourced from the HPI. The four 1 MEREFIELD sales between May 1997 and January 2024 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 November 2015 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the January 2024 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 1 MEREFIELD?

1 MEREFIELD is 99m², which includes one extension, according to the EPC inspection conducted in July 2015. This puts it in the smallest 30% of detached houses in Sawbridgeworth, based on EPC data. The below chart shows the distribution of detached houses by size in Sawbridgeworth, and where 1 MEREFIELD lies on this distribution: 22% of detached houses are smaller than 1 MEREFIELD, and 77% of houses are larger. Note that EPC data is not available for all properties in Sawbridgeworth.

1 MEREFIELD: Plot and Title Map

1 MEREFIELD sits on a plot of roughly 0.100 of an acre, or 405m². The below map shows the location of 1 MEREFIELD, 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 MEREFIELD). 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 MEREFIELD?

1 MEREFIELD is located in SAWBRIDGEWORTH, in the CM21 postcode district. The below map shows the position of No. 1 on MEREFIELD.