8, MERLAY CLOSE, YARM, TS15 9TE - £265,000

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

8 MERLAY CLOSE is a midsized extended detached house of 121m², built sometime between 1976 and 1982. It was last sold for £265,000 in February 2021, which was around 18% above the average February 2021 detached price in the Stockton-on-Tees local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

8 MERLAY CLOSE Sold Prices

Land registry data shows three sales for 8 MERLAY 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 Stockton-on-Tees local authority area for the corresponding sale date. Two of the three 8 MERLAY CLOSE sales were for above the average price, whilst one was 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
2021 26 FEB	£265,000	£224,548	18% above HPI
2007 5 NOV	£210,000	£218,542	4% below HPI
2003 2 JUN	£167,000	£124,665	34% above HPI

8 MERLAY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stockton-on-Tees local authority area over time, sourced from the HPI. The three 8 MERLAY CLOSE sales between June 2003 and February 2021 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 November 2007 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the February 2021 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 8 MERLAY CLOSE?

8 MERLAY CLOSE is 121m², which includes two extensions, according to the EPC inspection conducted in November 2019. This puts it in the largest 50% of detached houses in Yarm, based on EPC data. The below chart shows the distribution of detached houses by size in Yarm, and where 8 MERLAY CLOSE lies on this distribution: 50% of detached houses are smaller than 8 MERLAY CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Yarm.

8 MERLAY CLOSE: Plot and Title Map

8 MERLAY CLOSE sits on a plot of roughly 0.105 of an acre, or 423m². The below map shows the location of 8 MERLAY 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 MERLAY 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 MERLAY CLOSE?

8 MERLAY CLOSE is located in YARM, in the TS15 postcode district. The below map shows the position of No. 8 on MERLAY CLOSE.