1, MERLAY CLOSE, YARM, TS15 9TE - £172,000

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.

1 MERLAY CLOSE is a very small extended detached house of 76m², built sometime between 1976 and 1982, which could now be worth an estimated £215,306. It was last sold for £172,000 in August 2017, which was around 20% below the average August 2017 detached price in the Stockton-on-Tees local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

1 MERLAY CLOSE Sold Prices

Land registry data shows three sales for 1 MERLAY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Stockton-on-Tees local authority area for the corresponding sale date. All of the three 1 MERLAY 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
2017 7 AUG	£172,000	£215,558	20% below HPI
2013 25 MAR	£150,000	£194,137	23% below HPI
1997 22 AUG	£54,000	£79,412	32% below HPI

1 MERLAY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stockton-on-Tees local authority area over time, sourced from the HPI. The three 1 MERLAY CLOSE sales between August 1997 and August 2017 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 March 2013 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the August 2017 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 1 MERLAY CLOSE be worth now?

1 MERLAY CLOSE might now be worth an estimated £215,306.

This is based on house price inflation of 25.2%, between August 2017 and February 2025, for detached houses, in the Stockton-on-Tees local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.2% inflationary increase is applied to the most recent sale price for 1 MERLAY CLOSE of £172,000 on 7th August 2017. For the value to have increased from £172,000 to £215,306 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of 1 MERLAY CLOSE has moved in line with the HPI for detached houses in the Stockton-on-Tees local authority area.
• The August 2017 sale price of £172,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MERLAY CLOSE has not materially changed since August 2017.

How Large is 1 MERLAY CLOSE?

1 MERLAY CLOSE is 76m², which includes one extension, according to the EPC inspection conducted in October 2016. This puts it in the smallest 20% of detached houses houses in Yarm, based on EPC data. The below chart shows the distribution of detached houses houses by size in Yarm, and where 1 MERLAY CLOSE lies on this distribution: 12% of detached houses houses are smaller than 1 MERLAY CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Yarm.

1 MERLAY CLOSE: Plot and Title Map

1 MERLAY CLOSE sits on a plot of roughly 0.063 of an acre, or 255m². The below map shows the location of 1 MERLAY CLOSE, 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 MERLAY CLOSE). 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 MERLAY CLOSE?

1 MERLAY CLOSE is located in YARM, in the TS15 postcode district. The below map shows the position of No. 1 on MERLAY CLOSE.