24, MERLIN WAY, KIDSGROVE, STOKE-ON-TRENT, ST7 4YL - £225,000

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 WAY is a very small detached house of 70m², built sometime between 1996 and 2002. It was last sold for £225,000 in December 2021, which was around 18% below the average December 2021 detached price in the Newcastle-under-Lyme local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

24 MERLIN WAY Sold Prices

Land registry data shows four sales for 24 MERLIN WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newcastle-under-Lyme local authority area for the corresponding sale date. All of the four 24 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 20 DEC	£225,000	£273,573	18% below HPI
2005 11 NOV	£145,000	£183,145	21% below HPI
2005 2 SEP	£145,000	£182,011	20% below HPI
1998 5 MAR	£64,950	£71,240	9% below HPI

24 MERLIN WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newcastle-under-Lyme local authority area over time, sourced from the HPI. The four 24 MERLIN WAY sales between March 1998 and December 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 November 2005 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the December 2021 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 24 MERLIN WAY?

24 MERLIN WAY is 70m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 20% of detached houses in Kidsgrove, based on EPC data. The below chart shows the distribution of detached houses by size in Kidsgrove, and where 24 MERLIN WAY lies on this distribution: 15% of detached houses are smaller than 24 MERLIN WAY, and 84% of houses are larger. Note that EPC data is not available for all properties in Kidsgrove.

24 MERLIN WAY: Plot and Title Map

24 MERLIN WAY sits on a plot of roughly 0.065 of an acre, or 261m². The below map shows the location of 24 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 24 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 24 MERLIN WAY?

24 MERLIN WAY is located in KIDSGROVE, in the ST7 postcode district. The below map shows the position of No. 24 on MERLIN WAY.