24, MERLIN DRIVE, ELY, CB6 3EE - £340,000

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

24 MERLIN DRIVE is a very small extended detached house of 81m², built sometime between 1967 and 1975. It was last sold for £340,000 in September 2020, which was around 15% below the average September 2020 detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was B.

24 MERLIN DRIVE Sold Prices

Land registry data shows two sales for 24 MERLIN DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Cambridgeshire local authority area for the corresponding sale date. Both of the two 24 MERLIN DRIVE 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
2020 14 SEP	£340,000	£399,566	15% below HPI
2018 2 MAR	£287,000	£376,870	24% below HPI

24 MERLIN DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Cambridgeshire local authority area over time, sourced from the HPI. The two 24 MERLIN DRIVE sales from March 2018 and September 2020 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 March 2018 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the September 2020 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 24 MERLIN DRIVE?

24 MERLIN DRIVE is 81m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the smallest 20% of detached houses in Ely, based on EPC data. The below chart shows the distribution of detached houses by size in Ely, and where 24 MERLIN DRIVE lies on this distribution: 12% of detached houses are smaller than 24 MERLIN DRIVE, and 87% of houses are larger. Note that EPC data is not available for all properties in Ely.

24 MERLIN DRIVE: Plot and Title Map

24 MERLIN DRIVE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 24 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 24 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.

Where is 24 MERLIN DRIVE?

24 MERLIN DRIVE is located in ELY, in the CB6 postcode district. The below map shows the position of No. 24 on MERLIN DRIVE.