7, MERLIN CLOSE, WALTHAM ABBEY, EN9 3NG - £340,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 MERLIN CLOSE is a very small extended detached house of 89m², built sometime between 1983 and 1990, which could now be worth an estimated £727,660. It was last sold for £340,000 in December 2005, which was around 27% below the average December 2005 detached price in the Epping Forest local authority area. The most recent EPC inspection was December 2015, where the current energy rating was D, and the potential energy rating was B.

7 MERLIN CLOSE Sold Prices

Land registry data shows three sales for 7 MERLIN 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 Epping Forest local authority area for the corresponding sale date. All of the three 7 MERLIN 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
2005 21 DEC	£340,000	£466,975	27% below HPI
2003 25 APR	£329,995	£440,306	25% below HPI
1998 9 APR	£165,000	£221,547	26% below HPI

7 MERLIN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Epping Forest local authority area over time, sourced from the HPI. The three 7 MERLIN CLOSE sales between April 1998 and December 2005 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 2003 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the December 2005 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 7 MERLIN CLOSE be worth now?

7 MERLIN CLOSE might now be worth an estimated £727,660.

This is based on house price inflation of 114%, between December 2005 and December 2024, for detached houses, in the Epping Forest local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 114% inflationary increase is applied to the most recent sale price for 7 MERLIN CLOSE of £340,000 on 21st December 2005. For the value to have increased from £340,000 to £727,660 over the nineteen years to December 2024, the following assumptions must hold true:

• The value of 7 MERLIN CLOSE has moved in line with the HPI for detached houses in the Epping Forest local authority area.
• The December 2005 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MERLIN CLOSE has not materially changed since December 2005.

How Large is 7 MERLIN CLOSE?

7 MERLIN CLOSE is 89m², which includes one extension, according to the EPC inspection conducted in December 2015. This puts it in the smallest 20% of detached houses houses in Waltham Abbey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Waltham Abbey, and where 7 MERLIN CLOSE lies on this distribution: 14% of detached houses houses are smaller than 7 MERLIN CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Waltham Abbey.

7 MERLIN CLOSE: Plot and Title Map

7 MERLIN CLOSE sits on a plot of roughly 0.104 of an acre, or 419m². The below map shows the location of 7 MERLIN 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 7 MERLIN 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 7 MERLIN CLOSE?

7 MERLIN CLOSE is located in WALTHAM ABBEY, in the EN9 postcode district. The below map shows the position of No. 7 on MERLIN CLOSE.