18, MERLIN WAY, TORQUAY, TQ2 7TE - £345,000

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

18 MERLIN WAY is a midsized detached house of 116m², built sometime between 1996 and 2002. It was last sold for £345,000 in March 2021, which was around 5% below the average March 2021 detached price in the Torbay local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

18 MERLIN WAY Sold Prices

Land registry data shows five sales for 18 MERLIN WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Torbay local authority area for the corresponding sale date. Most of the five 18 MERLIN 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
2021 5 MAR	£345,000	£361,764	5% below HPI
2008 22 FEB	£250,000	£279,200	10% below HPI
2005 26 JUL	£225,000	£249,296	10% below HPI
2002 24 JUN	£159,950	£166,918	4% below HPI
1999 26 AUG	£118,500	£106,519	11% above HPI

18 MERLIN WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Torbay local authority area over time, sourced from the HPI. The five 18 MERLIN WAY sales between August 1999 and March 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 February 2008 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the March 2021 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 18 MERLIN WAY?

18 MERLIN WAY is 116m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 50% of detached houses in Torquay, based on EPC data. The below chart shows the distribution of detached houses by size in Torquay, and where 18 MERLIN WAY lies on this distribution: 40% of detached houses are smaller than 18 MERLIN WAY, and 59% of houses are larger. Note that EPC data is not available for all properties in Torquay.

18 MERLIN WAY: Plot and Title Map

18 MERLIN WAY sits on a plot of roughly 0.107 of an acre, or 433m². The below map shows the location of 18 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 18 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 18 MERLIN WAY?

18 MERLIN WAY is located in TORQUAY, in the TQ2 postcode district. The below map shows the position of No. 18 on MERLIN WAY.