24, MERLIN WAY, WICKFORD, SS11 7HB - £305,000

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.

24 MERLIN WAY is a very small semi-detached house of 69m², built sometime between 1967 and 1975, which could now be worth an estimated £338,155. It was last sold for £305,000 in March 2021, which was around 18% below the average March 2021 semi-detached price in the Chelmsford local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, 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 semi-detached price in the Chelmsford 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 29 MAR	£305,000	£371,131	18% below HPI
2014 10 MAR	£209,995	£251,036	16% below HPI
2008 3 JUN	£200,000	£233,459	14% below HPI
2006 3 MAR	£167,000	£204,573	18% below HPI

24 MERLIN WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Chelmsford local authority area over time, sourced from the HPI. The four 24 MERLIN WAY sales between March 2006 and March 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 March 2014 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the March 2021 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 24 MERLIN WAY be worth now?

24 MERLIN WAY might now be worth an estimated £338,155.

This is based on house price inflation of 10.9%, between March 2021 and February 2025, for semi-detached houses, in the Chelmsford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.9% inflationary increase is applied to the most recent sale price for 24 MERLIN WAY of £305,000 on 29th March 2021. For the value to have increased from £305,000 to £338,155 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 24 MERLIN WAY has moved in line with the HPI for semi-detached houses in the Chelmsford local authority area.
• The March 2021 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 24 MERLIN WAY has not materially changed since March 2021.

How Large is 24 MERLIN WAY?

24 MERLIN WAY is 69m² according to the EPC inspection conducted in May 2013. This puts it in the smallest 10% of semi-detached houses houses in Runwell, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Runwell, and where 24 MERLIN WAY lies on this distribution: 6% of semi-detached houses houses are smaller than 24 MERLIN WAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Runwell.

24 MERLIN WAY: Plot and Title Map

24 MERLIN WAY sits on a plot of roughly 0.057 of an acre, or 229m². 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 WICKFORD, in the SS11 postcode district. The below map shows the position of No. 24 on MERLIN WAY.