3, MERLIN DRIVE, ELY, CB6 3EA - £516,500

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

3 MERLIN DRIVE is a large extended detached house of 146m², built sometime between 1976 and 1982. It was last sold for £516,500 in August 2023, which was around 14% above the average August 2023 detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

3 MERLIN DRIVE Sold Prices

Land registry data shows three sales for 3 MERLIN DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Cambridgeshire local authority area for the corresponding sale date. Two of the three 3 MERLIN DRIVE sales were for above the average price, whilst one was 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
2023 21 AUG	£516,500	£451,963	14% above HPI
2003 17 OCT	£199,950	£198,393	1% above HPI
1998 28 APR	£92,000	£94,456	3% below HPI

3 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 three 3 MERLIN DRIVE sales between April 1998 and August 2023 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 October 2003 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the August 2023 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is 3 MERLIN DRIVE?

3 MERLIN DRIVE is 146m², which includes one extension, according to the EPC inspection conducted in April 2023. This puts it in the largest 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 3 MERLIN DRIVE lies on this distribution: 77% of detached houses are smaller than 3 MERLIN DRIVE, and 23% of houses are larger. Note that EPC data is not available for all properties in Ely.

3 MERLIN DRIVE: Plot and Title Map

3 MERLIN DRIVE sits on a plot of roughly 0.113 of an acre, or 457m². The below map shows the location of 3 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 3 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 3 MERLIN DRIVE?

3 MERLIN DRIVE is located in ELY, in the CB6 postcode district. The below map shows the position of No. 3 on MERLIN DRIVE.