2, MERLIN WAY, EAST GRINSTEAD, RH19 3XG - £175,000

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

2 MERLIN WAY is a small extended detached house of 107m², built sometime between 1991 and 1995. It was last sold for £175,000 in March 2001, which was around 30% below the average March 2001 detached price in the Mid Sussex local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

2 MERLIN WAY Sold Prices

Land registry data shows three sales for 2 MERLIN WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Sussex local authority area for the corresponding sale date. All of the three 2 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
2001 30 MAR	£175,000	£251,377	30% below HPI
1997 31 JAN	£102,000	£132,784	23% below HPI
1996 6 FEB	£90,000	£124,415	28% below HPI

2 MERLIN WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Sussex local authority area over time, sourced from the HPI. The three 2 MERLIN WAY sales between February 1996 and March 2001 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 January 1997 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the March 2001 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 2 MERLIN WAY?

2 MERLIN WAY is 107m², which includes two extensions, according to the EPC inspection conducted in March 2022. This puts it in the smallest 40% of detached houses in East Grinstead, based on EPC data. The below chart shows the distribution of detached houses by size in East Grinstead, and where 2 MERLIN WAY lies on this distribution: 36% of detached houses are smaller than 2 MERLIN WAY, and 64% of houses are larger. Note that EPC data is not available for all properties in East Grinstead.

2 MERLIN WAY: Plot and Title Map

2 MERLIN WAY sits on a plot of roughly 0.117 of an acre, or 474m². The below map shows the location of 2 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 2 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 2 MERLIN WAY?

2 MERLIN WAY is located in EAST GRINSTEAD, in the RH19 postcode district. The below map shows the position of No. 2 on MERLIN WAY.