2, MERRYWOOD GROVE, HERNE BAY, CT6 7BQ - £345,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 MERRYWOOD GROVE is a midsized detached house of 123m², built sometime between 1996 and 2002, which could now be worth an estimated £512,888. It was last sold for £345,000 in March 2015, which was around 10% below the average March 2015 detached price in the Canterbury local authority area. The most recent EPC inspection was September 2012, where the current energy rating was C, and the potential energy rating was B.

2 MERRYWOOD GROVE Sold Prices

Land registry data shows six sales for 2 MERRYWOOD GROVE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Canterbury local authority area for the corresponding sale date. three of the six 2 MERRYWOOD GROVE sales were for below the average price, and six 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
2015 27 MAR	£345,000	£383,751	10% below HPI
2013 2 JAN	£300,000	£318,624	6% below HPI
2010 29 OCT	£287,500	£333,072	14% below HPI
2007 29 JUN	£328,000	£313,448	5% above HPI
2000 20 MAR	£150,000	£142,572	5% above HPI
1999 26 FEB	£124,000	£116,917	6% above HPI

2 MERRYWOOD GROVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Canterbury local authority area over time, sourced from the HPI. The six 2 MERRYWOOD GROVE sales between February 1999 and March 2015 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 2013 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the March 2015 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 2 MERRYWOOD GROVE be worth now?

2 MERRYWOOD GROVE might now be worth an estimated £512,888.

This is based on house price inflation of 48.7%, between March 2015 and February 2025, for detached houses, in the Canterbury local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 48.7% inflationary increase is applied to the most recent sale price for 2 MERRYWOOD GROVE of £345,000 on 27th March 2015. For the value to have increased from £345,000 to £512,888 over the ten years and one month to February 2025, the following assumptions must hold true:

• The value of 2 MERRYWOOD GROVE has moved in line with the HPI for detached houses in the Canterbury local authority area.
• The March 2015 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MERRYWOOD GROVE has not materially changed since March 2015.

How Large is 2 MERRYWOOD GROVE?

2 MERRYWOOD GROVE is 123m² according to the EPC inspection conducted in September 2012. This puts it in the largest 50% of detached houses houses in Broomfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Broomfield, and where 2 MERRYWOOD GROVE lies on this distribution: 51% of detached houses houses are smaller than 2 MERRYWOOD GROVE, and 49% of houses are larger. Note that EPC data is not available for all properties in Broomfield.

2 MERRYWOOD GROVE: Plot and Title Map

2 MERRYWOOD GROVE sits on a plot of roughly 0.081 of an acre, or 327m². The below map shows the location of 2 MERRYWOOD GROVE, 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 MERRYWOOD GROVE). 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 MERRYWOOD GROVE?

2 MERRYWOOD GROVE is located in HERNE BAY, in the CT6 postcode district. The below map shows the position of No. 2 on MERRYWOOD GROVE.