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
55 MERRIDALE ROAD is a very small extended detached house of 74m², built sometime between 1950 and 1966. It was last sold for £305,000 in April 2024, which was around 26% below the average April 2024 detached price in the Southampton local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.
Land registry data shows five sales for 55 MERRIDALE ROAD since 1st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Southampton local authority area for the corresponding sale date. All of the five 55 MERRIDALE ROAD 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 |
---|---|---|---|
2024 3 APR | £305,000 | £411,578 | 26% below HPI |
2017 1 DEC | £245,000 | £352,386 | 30% below HPI |
2016 31 MAR | £248,000 | £314,841 | 21% below HPI |
2015 27 APR | £174,000 | £292,783 | 41% below HPI |
2015 27 FEB | £120,000 | £292,156 | 59% below HPI |
The below graph shows the average detached house price in the Southampton local authority area over time, sourced from the HPI. The five 55 MERRIDALE ROAD sales between February 2015 and April 2024 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 2017 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the April 2024 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.
55 MERRIDALE ROAD is 74m², which includes one extension, according to the EPC inspection conducted in October 2015. This puts it in the smallest 20% of detached houses in Southampton, based on EPC data. The below chart shows the distribution of detached houses by size in Southampton, and where 55 MERRIDALE ROAD lies on this distribution: 17% of detached houses are smaller than 55 MERRIDALE ROAD, and 82% of houses are larger. Note that EPC data is not available for all properties in Southampton.
55 MERRIDALE ROAD sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 55 MERRIDALE ROAD, 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 55 MERRIDALE ROAD). 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.
55 MERRIDALE ROAD is located in SOUTHAMPTON, in the SO19 postcode district. The below map shows the position of No. 55 on MERRIDALE ROAD.