43, MERLIN WAY, EAST GRINSTEAD, RH19 3XG - £615,000

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

43 MERLIN WAY is a midsized extended detached house of 114m², built sometime between 1967 and 1975. It was last sold for £615,000 in September 2023, which was around 13% below the average September 2023 detached price in the Mid Sussex local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

43 MERLIN WAY Sold Prices

Land registry data shows three sales for 43 MERLIN 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 Mid Sussex local authority area for the corresponding sale date. All of the three 43 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
2023 21 SEP	£615,000	£709,417	13% below HPI
2014 14 APR	£400,500	£462,242	13% below HPI
1998 10 AUG	£160,000	£168,554	5% below HPI

43 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 three 43 MERLIN WAY sales between August 1998 and September 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 April 2014 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the September 2023 sale, which was also at 13% below the HPI.

How Large is 43 MERLIN WAY?

43 MERLIN WAY is 114m², which includes two extensions, according to the EPC inspection conducted in October 2013. This puts it in the smallest 50% 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 43 MERLIN WAY lies on this distribution: 43% of detached houses are smaller than 43 MERLIN WAY, and 56% of houses are larger. Note that EPC data is not available for all properties in East Grinstead.

43 MERLIN WAY: Plot and Title Map

43 MERLIN WAY sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 43 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 43 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 43 MERLIN WAY?

43 MERLIN WAY is located in EAST GRINSTEAD, in the RH19 postcode district. The below map shows the position of No. 43 on MERLIN WAY.