42, MERLIN WAY, EAST GRINSTEAD, RH19 3XG - £560,000

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

42 MERLIN WAY is a small extended detached house of 106m², built sometime between 1976 and 1982. It was last sold for £560,000 in May 2022, which was around 19% below the average May 2022 detached price in the Mid Sussex local authority area. The most recent EPC inspection was December 2021, where the current energy rating was C, and the potential energy rating was B.

42 MERLIN WAY Sold Prices

Land registry data shows two sales for 42 MERLIN 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 Mid Sussex local authority area for the corresponding sale date. Both of the two 42 MERLIN 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
2022 18 MAY	£560,000	£689,036	19% below HPI
2012 10 AUG	£290,000	£428,831	32% below HPI

42 MERLIN WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Sussex local authority area over time, sourced from the HPI. The two 42 MERLIN WAY sales from August 2012 and May 2022 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 August 2012 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the May 2022 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 42 MERLIN WAY?

42 MERLIN WAY is 106m², which includes one extension, according to the EPC inspection conducted in December 2021. This puts it in the smallest 40% of detached houses in East Grinstead, based on EPC data. The below chart shows the distribution of detached houses by size in East Grinstead, and where 42 MERLIN WAY lies on this distribution: 34% of detached houses are smaller than 42 MERLIN WAY, and 65% of houses are larger. Note that EPC data is not available for all properties in East Grinstead.

42 MERLIN WAY: Plot and Title Map

42 MERLIN WAY sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 42 MERLIN 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 42 MERLIN 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 42 MERLIN WAY?

42 MERLIN WAY is located in EAST GRINSTEAD, in the RH19 postcode district. The below map shows the position of No. 42 on MERLIN WAY.