5, MERAFIELD CLOSE, PLYMOUTH, PL7 1SG - £280,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 MERAFIELD CLOSE is a small extended detached house of 93m², built sometime between 1967 and 1975, which could now be worth an estimated £351,649. It was last sold for £280,000 in September 2018, which was around 12% below the average September 2018 detached price in the City of Plymouth local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was C.

5 MERAFIELD CLOSE Sold Prices

Land registry data shows three sales for 5 MERAFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the City of Plymouth local authority area for the corresponding sale date. All of the three 5 MERAFIELD CLOSE 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
2018 6 SEP	£280,000	£316,891	12% below HPI
2012 4 SEP	£240,000	£247,387	3% below HPI
2004 18 NOV	£190,000	£232,002	18% below HPI

5 MERAFIELD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Plymouth local authority area over time, sourced from the HPI. The three 5 MERAFIELD CLOSE sales between November 2004 and September 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 September 2012 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the September 2018 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 5 MERAFIELD CLOSE be worth now?

5 MERAFIELD CLOSE might now be worth an estimated £351,649.

This is based on house price inflation of 25.6%, between September 2018 and March 2025, for detached houses, in the City of Plymouth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.6% inflationary increase is applied to the most recent sale price for 5 MERAFIELD CLOSE of £280,000 on 6th September 2018. For the value to have increased from £280,000 to £351,649 over the seven years and six months to March 2025, the following assumptions must hold true:

• The value of 5 MERAFIELD CLOSE has moved in line with the HPI for detached houses in the City of Plymouth local authority area.
• The September 2018 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MERAFIELD CLOSE has not materially changed since September 2018.

How Large is 5 MERAFIELD CLOSE?

5 MERAFIELD CLOSE is 93m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the smallest 30% of detached houses houses in Plymouth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Plymouth, and where 5 MERAFIELD CLOSE lies on this distribution: 27% of detached houses houses are smaller than 5 MERAFIELD CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Plymouth.

5 MERAFIELD CLOSE: Plot and Title Map

5 MERAFIELD CLOSE sits on a plot of roughly 0.142 of an acre, or 576m². The below map shows the location of 5 MERAFIELD CLOSE, 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 5 MERAFIELD CLOSE). 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 5 MERAFIELD CLOSE?

5 MERAFIELD CLOSE is located in PLYMOUTH, in the PL7 postcode district. The below map shows the position of No. 5 on MERAFIELD CLOSE.