49, MERLIN WAY, EAST GRINSTEAD, RH19 3XG - £625,000

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

49 MERLIN WAY is a large extended detached house of 141m², built sometime between 1976 and 1982. It was last sold for £625,000 in June 2022, which was around 9% below the average June 2022 detached price in the Mid Sussex local authority area. The most recent EPC inspection was April 2021, where the current energy rating was C, and the potential energy rating was B.

49 MERLIN WAY Sold Prices

Land registry data shows two sales for 49 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 49 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 24 JUN	£625,000	£683,879	9% below HPI
2008 23 MAY	£388,000	£432,748	10% below HPI

49 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 49 MERLIN WAY sales from May 2008 and June 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 May 2008 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the June 2022 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 49 MERLIN WAY?

49 MERLIN WAY is 141m², which includes three extensions, according to the EPC inspection conducted in April 2021. This puts it in the largest 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 49 MERLIN WAY lies on this distribution: 68% of detached houses are smaller than 49 MERLIN WAY, and 31% of houses are larger. Note that EPC data is not available for all properties in East Grinstead.

49 MERLIN WAY: Plot and Title Map

49 MERLIN WAY sits on a plot of roughly 0.150 of an acre, or 607m². The below map shows the location of 49 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 49 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 49 MERLIN WAY?

49 MERLIN WAY is located in EAST GRINSTEAD, in the RH19 postcode district. The below map shows the position of No. 49 on MERLIN WAY.