38, MEREWORTH DRIVE, LONDON, SE18 3EE - £600,000

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

38 MEREWORTH DRIVE is a very small extended detached house of 89m², built sometime between 1930 and 1949. It was last sold for £600,000 in September 2021, which was around 31% below the average September 2021 detached price in the Greenwich local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was C.

38 MEREWORTH DRIVE Sold Prices

Land registry data shows two sales for 38 MEREWORTH 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 Greenwich local authority area for the corresponding sale date. Both of the two 38 MEREWORTH 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
2021 28 SEP	£600,000	£870,039	31% below HPI
2021 25 JUN	£552,000	£876,205	37% below HPI

38 MEREWORTH DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Greenwich local authority area over time, sourced from the HPI. The two 38 MEREWORTH DRIVE sales from June 2021 and September 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 June 2021 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the September 2021 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 38 MEREWORTH DRIVE?

38 MEREWORTH DRIVE is 89m², which includes one extension, according to the EPC inspection conducted in August 2021. This puts it in the smallest 20% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 38 MEREWORTH DRIVE lies on this distribution: 13% of detached houses are smaller than 38 MEREWORTH DRIVE, and 87% of houses are larger. Note that EPC data is not available for all properties in London.

38 MEREWORTH DRIVE: Plot and Title Map

38 MEREWORTH DRIVE sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of 38 MEREWORTH 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 38 MEREWORTH 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 38 MEREWORTH DRIVE?

38 MEREWORTH DRIVE is located in LONDON, in the SE18 postcode district. The below map shows the position of No. 38 on MEREWORTH DRIVE.