10, MERLIN WAY, CHELTENHAM, GL53 0LT - £555,000

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.

10 MERLIN WAY is a small extended semi-detached house of 106m², built sometime between 1950 and 1966, which could now be worth an estimated £574,250. It was last sold for £555,000 in July 2022, which was around 44% above the average July 2022 semi-detached price in the Cheltenham local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was C.

10 MERLIN WAY Sold Prices

Land registry data shows four sales for 10 MERLIN WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Cheltenham local authority area for the corresponding sale date. All of the four 10 MERLIN WAY sales were for above 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
2022 13 JUL	£555,000	£385,739	44% above HPI
2015 14 OCT	£350,000	£267,983	31% above HPI
2009 30 JUN	£250,000	£185,296	35% above HPI
1995 13 APR	£70,000	£60,877	15% above HPI

10 MERLIN WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cheltenham local authority area over time, sourced from the HPI. The four 10 MERLIN WAY sales between April 1995 and July 2022 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 2015 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the July 2022 sale, where it rises to 44% above the HPI. The line then continues to track at 44% above the HPI.

What might 10 MERLIN WAY be worth now?

10 MERLIN WAY might now be worth an estimated £574,250.

This is based on house price inflation of 3.5%, between July 2022 and February 2025, for semi-detached houses, in the Cheltenham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.5% inflationary increase is applied to the most recent sale price for 10 MERLIN WAY of £555,000 on 13th July 2022. For the value to have increased from £555,000 to £574,250 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 10 MERLIN WAY has moved in line with the HPI for semi-detached houses in the Cheltenham local authority area.
• The July 2022 sale price of £555,000 represented a fair market value for the property.
• The size, condition, and specification of 10 MERLIN WAY has not materially changed since July 2022.

How Large is 10 MERLIN WAY?

10 MERLIN WAY is 106m², which includes one extension, according to the EPC inspection conducted in April 2022. This puts it in the smallest 30% of semi-detached houses houses in Cheltenham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Cheltenham, and where 10 MERLIN WAY lies on this distribution: 30% of semi-detached houses houses are smaller than 10 MERLIN WAY, and 70% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

10 MERLIN WAY: Plot and Title Map

10 MERLIN WAY sits on a plot of roughly 0.085 of an acre, or 344m². The below map shows the location of 10 MERLIN 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 10 MERLIN 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 10 MERLIN WAY?

10 MERLIN WAY is located in CHELTENHAM, in the GL53 postcode district. The below map shows the position of No. 10 on MERLIN WAY.