14, MERCHANTS CLOSE, KNAPHILL, WOKING, GU21 2PU - £710,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

14 MERCHANTS CLOSE is a small extended detached house of 121m², built sometime between 1996 and 2002. It was last sold for £710,000 in July 2023, which was around 26% below the average July 2023 detached price in the Woking local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

14 MERCHANTS CLOSE Sold Prices

Land registry data shows four sales for 14 MERCHANTS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Woking local authority area for the corresponding sale date. All of the four 14 MERCHANTS 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
2023 5 JUL	£710,000	£953,709	26% below HPI
2017 21 JUL	£620,000	£810,039	23% below HPI
2017 30 JUN	£625,000	£797,762	22% below HPI
2007 28 NOV	£460,000	£561,354	18% below HPI

14 MERCHANTS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Woking local authority area over time, sourced from the HPI. The four 14 MERCHANTS CLOSE sales between November 2007 and July 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 July 2017 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the July 2023 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 14 MERCHANTS CLOSE?

14 MERCHANTS CLOSE is 121m², which includes two extensions, according to the EPC inspection conducted in August 2022. This puts it in the smallest 40% of detached houses in Woking, based on EPC data. The below chart shows the distribution of detached houses by size in Woking, and where 14 MERCHANTS CLOSE lies on this distribution: 37% of detached houses are smaller than 14 MERCHANTS CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Woking.

14 MERCHANTS CLOSE: Plot and Title Map

14 MERCHANTS CLOSE sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 14 MERCHANTS 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 14 MERCHANTS 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 14 MERCHANTS CLOSE?

14 MERCHANTS CLOSE is located in KNAPHILL, in the GU21 postcode district. The below map shows the position of No. 14 on MERCHANTS CLOSE.