8, MERCHANTS CLOSE, KNAPHILL, WOKING, GU21 2PU - £520,000

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.

8 MERCHANTS CLOSE is a very small extended detached house of 97m², built sometime between 1996 and 2002, which could now be worth an estimated £542,092. It was last sold for £520,000 in May 2024, which was around 44% below the average May 2024 detached price in the Woking local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

8 MERCHANTS CLOSE Sold Prices

Land registry data shows four sales for 8 MERCHANTS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Woking local authority area for the corresponding sale date. All of the four 8 MERCHANTS 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
2024 3 MAY	£520,000	£925,609	44% below HPI
2020 31 JAN	£500,000	£847,611	41% below HPI
2007 12 FEB	£315,000	£516,452	39% below HPI
2002 30 AUG	£254,995	£402,024	37% below HPI

8 MERCHANTS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Woking local authority area over time, sourced from the HPI. The four 8 MERCHANTS CLOSE sales between August 2002 and May 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 January 2020 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the May 2024 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might 8 MERCHANTS CLOSE be worth now?

8 MERCHANTS CLOSE might now be worth an estimated £542,092.

This is based on house price inflation of 4.2%, between May 2024 and February 2025, for detached houses, in the Woking local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.2% inflationary increase is applied to the most recent sale price for 8 MERCHANTS CLOSE of £520,000 on 3rd May 2024. For the value to have increased from £520,000 to £542,092 over the one year and three months to February 2025, the following assumptions must hold true:

• The value of 8 MERCHANTS CLOSE has moved in line with the HPI for detached houses in the Woking local authority area.
• The May 2024 sale price of £520,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MERCHANTS CLOSE has not materially changed since May 2024.

How Large is 8 MERCHANTS CLOSE?

8 MERCHANTS CLOSE is 97m², which includes two extensions, according to the EPC inspection conducted in September 2019. This puts it in the smallest 20% of detached houses houses in Woking, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woking, and where 8 MERCHANTS CLOSE lies on this distribution: 18% of detached houses houses are smaller than 8 MERCHANTS CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Woking.

8 MERCHANTS CLOSE: Plot and Title Map

8 MERCHANTS CLOSE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 8 MERCHANTS 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 8 MERCHANTS 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 8 MERCHANTS CLOSE?

8 MERCHANTS CLOSE is located in KNAPHILL, in the GU21 postcode district. The below map shows the position of No. 8 on MERCHANTS CLOSE.