15, MERTON WAY, WEST MOLESEY, KT8 1PG - £484,000

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

15 MERTON WAY is a midsized extended detached house of 112m², built sometime between 1930 and 1949. It was last sold for £484,000 in January 2011, which was around 41% below the average January 2011 detached price in the Elmbridge local authority area. The most recent EPC inspection was March 2010, where the current energy rating was D, and the potential energy rating was D.

15 MERTON WAY Sold Prices

Land registry data shows two sales for 15 MERTON WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Elmbridge local authority area for the corresponding sale date. Both of the two 15 MERTON 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
2011 14 JAN	£484,000	£819,814	41% below HPI
2004 24 SEP	£240,000	£607,421	60% below HPI

15 MERTON WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Elmbridge local authority area over time, sourced from the HPI. The two 15 MERTON WAY sales from September 2004 and January 2011 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 September 2004 sale was for 60% below the HPI. So the extrapolation line tracks at 60% below the HPI over time, until the January 2011 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 15 MERTON WAY?

15 MERTON WAY is 112m², which includes one extension, according to the EPC inspection conducted in March 2010. This puts it in the smallest 50% of detached houses in West Molesey, based on EPC data. The below chart shows the distribution of detached houses by size in West Molesey, and where 15 MERTON WAY lies on this distribution: 48% of detached houses are smaller than 15 MERTON WAY, and 51% of houses are larger. Note that EPC data is not available for all properties in West Molesey.

15 MERTON WAY: Plot and Title Map

15 MERTON WAY sits on a plot of roughly 0.115 of an acre, or 466m². The below map shows the location of 15 MERTON 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 15 MERTON 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 15 MERTON WAY?

15 MERTON WAY is located in WEST MOLESEY, in the KT8 postcode district. The below map shows the position of No. 15 on MERTON WAY.