Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources
16 MERLIN DRIVE is a very small detached house of 94m², built sometime between 2003 and 2006. It was last sold for £285,000 in January 2021, which was around 22% above the average January 2021 detached price in the Cumberland local authority area. The most recent EPC inspection was October 2012, where the current energy rating was C, and the potential energy rating was B.
Land registry data shows five sales for 16 MERLIN DRIVE since 1st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Cumberland local authority area for the corresponding sale date. All of the five 16 MERLIN DRIVE 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 |
---|---|---|---|
2021 18 JAN | £285,000 | £233,569 | 22% above HPI |
2014 28 APR | £249,950 | £197,903 | 26% above HPI |
2012 23 NOV | £242,000 | £192,392 | 26% above HPI |
2007 8 JAN | £222,500 | £198,037 | 12% above HPI |
2005 23 JUN | £207,000 | £173,277 | 19% above HPI |
The below graph shows the average detached house price in the Cumberland local authority area over time, sourced from the HPI. The five 16 MERLIN DRIVE sales between June 2005 and January 2021 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 April 2014 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the January 2021 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.
16 MERLIN DRIVE is 94m² according to the EPC inspection conducted in October 2012. This puts it in the smallest 20% of detached houses in Moresby Parks, based on EPC data. The below chart shows the distribution of detached houses by size in Moresby Parks, and where 16 MERLIN DRIVE lies on this distribution: 19% of detached houses are smaller than 16 MERLIN DRIVE, and 81% of houses are larger. Note that EPC data is not available for all properties in Moresby Parks.
16 MERLIN DRIVE sits on a plot of roughly 0.095 of an acre, or 383m². The below map shows the location of 16 MERLIN DRIVE, 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 16 MERLIN DRIVE). 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.
16 MERLIN DRIVE is located in MORESBY PARKS, in the CA28 postcode district. The below map shows the position of No. 16 on MERLIN DRIVE.