27, MERLIN DRIVE, ELY, CB6 3EE - £315,000

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

27 MERLIN DRIVE is a small extended detached house of 98m², built sometime between 1967 and 1975. It was last sold for £315,000 in February 2016, which was around 9% below the average February 2016 detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was B.

27 MERLIN DRIVE Sold Prices

Land registry data shows four sales for 27 MERLIN DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Cambridgeshire local authority area for the corresponding sale date. All of the four 27 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
2016 5 FEB	£315,000	£346,359	9% below HPI
2000 3 APR	£99,950	£125,617	20% below HPI
1998 4 NOV	£81,000	£100,111	19% below HPI
1997 27 JUN	£64,500	£87,043	26% below HPI

27 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 four 27 MERLIN DRIVE sales between June 1997 and February 2016 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 2000 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the February 2016 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 27 MERLIN DRIVE?

27 MERLIN DRIVE is 98m², which includes two extensions, according to the EPC inspection conducted in September 2015. This puts it in the smallest 30% of detached houses in Ely, based on EPC data. The below chart shows the distribution of detached houses by size in Ely, and where 27 MERLIN DRIVE lies on this distribution: 28% of detached houses are smaller than 27 MERLIN DRIVE, and 72% of houses are larger. Note that EPC data is not available for all properties in Ely.

27 MERLIN DRIVE: Plot and Title Map

27 MERLIN DRIVE sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 27 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 27 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 27 MERLIN DRIVE?

27 MERLIN DRIVE is located in ELY, in the CB6 postcode district. The below map shows the position of No. 27 on MERLIN DRIVE.