4, MERLE WAY, FERNHURST, HASLEMERE, GU27 3NB - £440,000

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

4 MERLE WAY is a small detached house of 108m², built sometime between 1950 and 1966. It was last sold for £440,000 in January 2021, which was around 30% below the average January 2021 detached price in the Chichester local authority area. The most recent EPC inspection was May 2013, where the current energy rating was F, and the potential energy rating was C.

4 MERLE WAY Sold Prices

Land registry data shows two sales for 4 MERLE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. Both of the two 4 MERLE 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 22 JAN	£440,000	£632,832	30% below HPI
2014 16 APR	£297,500	£468,931	37% below HPI

4 MERLE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chichester local authority area over time, sourced from the HPI. The two 4 MERLE WAY sales from April 2014 and January 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 April 2014 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the January 2021 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 4 MERLE WAY?

4 MERLE WAY is 108m² according to the EPC inspection conducted in May 2013. This puts it in the smallest 40% of detached houses in Fernhurst, based on EPC data. The below chart shows the distribution of detached houses by size in Fernhurst, and where 4 MERLE WAY lies on this distribution: 33% of detached houses are smaller than 4 MERLE WAY, and 67% of houses are larger. Note that EPC data is not available for all properties in Fernhurst.

4 MERLE WAY: Plot and Title Map

4 MERLE WAY sits on a plot of roughly 0.166 of an acre, or 673m². The below map shows the location of 4 MERLE 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 4 MERLE 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 4 MERLE WAY?

4 MERLE WAY is located in FERNHURST, in the GU27 postcode district. The below map shows the position of No. 4 on MERLE WAY.