53, MERLIN WAY, EAST GRINSTEAD, RH19 3XG - £530,000

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

53 MERLIN WAY is a small extended detached house of 97m², built sometime between 1967 and 1975. It was last sold for £530,000 in June 2022, which was around 23% below the average June 2022 detached price in the Mid Sussex local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was B.

53 MERLIN WAY Sold Prices

Land registry data shows four sales for 53 MERLIN WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Mid Sussex local authority area for the corresponding sale date. All of the four 53 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	£530,000	£683,879	23% below HPI
2005 9 DEC	£265,000	£353,735	25% below HPI
2001 6 JUN	£170,000	£250,977	32% below HPI
1998 30 JUN	£126,500	£161,239	22% below HPI

53 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 four 53 MERLIN WAY sales between June 1998 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 December 2005 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2022 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 53 MERLIN WAY?

53 MERLIN WAY is 97m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the smallest 30% 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 53 MERLIN WAY lies on this distribution: 26% of detached houses are smaller than 53 MERLIN WAY, and 74% of houses are larger. Note that EPC data is not available for all properties in East Grinstead.

53 MERLIN WAY: Plot and Title Map

53 MERLIN WAY sits on a plot of roughly 0.095 of an acre, or 384m². The below map shows the location of 53 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 53 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 53 MERLIN WAY?

53 MERLIN WAY is located in EAST GRINSTEAD, in the RH19 postcode district. The below map shows the position of No. 53 on MERLIN WAY.