40, MERLE WAY, LOWER CAMBOURNE, CAMBRIDGE, CB23 6FE - £575,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

40 MERLE WAY is a very large extended detached house of 173m², built sometime between 1996 and 2002. It was last sold for £575,000 in August 2018, which was around 9% above the average August 2018 detached price in the South Cambridgeshire local authority area. The most recent EPC inspection was November 2017, where the current energy rating was C, and the potential energy rating was B.

40 MERLE WAY Sold Prices

Land registry data shows three sales for 40 MERLE WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Cambridgeshire local authority area for the corresponding sale date. One of the three 40 MERLE WAY sales was for above the average price, whilst two 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
2018 1 AUG	£575,000	£526,761	9% above HPI
2006 8 DEC	£277,500	£329,546	16% below HPI
2003 21 NOV	£249,950	£271,695	8% below HPI

40 MERLE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Cambridgeshire local authority area over time, sourced from the HPI. The three 40 MERLE WAY sales between November 2003 and August 2018 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 December 2006 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the August 2018 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is 40 MERLE WAY?

40 MERLE WAY is 173m², which includes three extensions, according to the EPC inspection conducted in November 2017. This puts it in the largest 20% of detached houses in Cambourne, based on EPC data. The below chart shows the distribution of detached houses by size in Cambourne, and where 40 MERLE WAY lies on this distribution: 83% of detached houses are smaller than 40 MERLE WAY, and 17% of houses are larger. Note that EPC data is not available for all properties in Cambourne.

40 MERLE WAY: Plot and Title Map

40 MERLE WAY sits on a plot of roughly 0.105 of an acre, or 427m². The below map shows the location of 40 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 40 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 40 MERLE WAY?

40 MERLE WAY is located in LOWER CAMBOURNE, in the CB23 postcode district. The below map shows the position of No. 40 on MERLE WAY.