2, MERTTINS ROAD, LONDON, SE15 3EB - £787,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 MERTTINS ROAD is a small detached house of 123m², built sometime before 1900, which could now be worth an estimated £785,755. It was last sold for £787,000 in September 2019, which was around 51% below the average September 2019 detached price in the Southwark local authority area. The most recent EPC inspection was November 2018, where the current energy rating was E, and the potential energy rating was B.

2 MERTTINS ROAD Sold Prices

Land registry data shows two sales for 2 MERTTINS ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Southwark local authority area for the corresponding sale date. Both of the two 2 MERTTINS ROAD 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
2019 27 SEP	£787,000	£1,605,630	51% below HPI
1998 28 APR	£125,000	£288,362	57% below HPI

2 MERTTINS ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Southwark local authority area over time, sourced from the HPI. The two 2 MERTTINS ROAD sales from April 1998 and September 2019 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 1998 sale was for 57% below the HPI. So the extrapolation line tracks at 57% below the HPI over time, until the September 2019 sale, where it rises to 51% below the HPI. The line then continues to track at 51% below the HPI.

What might 2 MERTTINS ROAD be worth now?

2 MERTTINS ROAD might now be worth an estimated £785,755.

This is based on house price deflation of 0.2%, between September 2019 and December 2024, for detached houses, in the Southwark local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.2% deflationary decrease is applied to the most recent sale price for 2 MERTTINS ROAD of £787,000 on 27th September 2019. For the value to have decreased from £787,000 to £785,755 over the four years and nine months to December 2024, the following assumptions must hold true:

• The value of 2 MERTTINS ROAD has moved in line with the HPI for detached houses in the Southwark local authority area.
• The September 2019 sale price of £787,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MERTTINS ROAD has not materially changed since September 2019.

How Large is 2 MERTTINS ROAD?

2 MERTTINS ROAD is 123m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 40% of detached houses houses in London, based on EPC data. The below chart shows the distribution of detached houses houses by size in London, and where 2 MERTTINS ROAD lies on this distribution: 36% of detached houses houses are smaller than 2 MERTTINS ROAD, and 64% of houses are larger. Note that EPC data is not available for all properties in London.

2 MERTTINS ROAD: Plot and Title Map

2 MERTTINS ROAD sits on a plot of roughly 0.041 of an acre, or 166m². The below map shows the location of 2 MERTTINS ROAD, 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 MERTTINS ROAD). 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 MERTTINS ROAD?

2 MERTTINS ROAD is located in LONDON, in the SE15 postcode district. The below map shows the position of No. 2 on MERTTINS ROAD.