8, MERTON ROAD, WATTON, THETFORD, IP25 6BD - £170,000

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 MERTON ROAD is a very small semi-detached house of 59m², built sometime between 1950 and 1966, which could now be worth an estimated £210,427. It was last sold for £170,000 in February 2019, which was around 12% below the average February 2019 semi-detached price in the Breckland local authority area. The most recent EPC inspection was May 2013, where the current energy rating was C, and the potential energy rating was B.

8 MERTON ROAD Sold Prices

Land registry data shows three sales for 8 MERTON ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Breckland local authority area for the corresponding sale date. One of the three 8 MERTON ROAD sales was for below the average price, whilst two were for above 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
2019 27 FEB	£170,000	£193,918	12% below HPI
2013 27 NOV	£151,500	£139,896	8% above HPI
1997 13 AUG	£51,000	£45,437	12% above HPI

8 MERTON ROAD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Breckland local authority area over time, sourced from the HPI. The three 8 MERTON ROAD sales between August 1997 and February 2019 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 2013 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the February 2019 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 8 MERTON ROAD be worth now?

8 MERTON ROAD might now be worth an estimated £210,427.

This is based on house price inflation of 23.8%, between February 2019 and February 2025, for semi-detached houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.8% inflationary increase is applied to the most recent sale price for 8 MERTON ROAD of £170,000 on 27th February 2019. For the value to have increased from £170,000 to £210,427 over the six years to February 2025, the following assumptions must hold true:

• The value of 8 MERTON ROAD has moved in line with the HPI for semi-detached houses in the Breckland local authority area.
• The February 2019 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MERTON ROAD has not materially changed since February 2019.

How Large is 8 MERTON ROAD?

8 MERTON ROAD is 59m² according to the EPC inspection conducted in May 2013. This puts it in the smallest 10% of semi-detached houses houses in Watton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Watton, and where 8 MERTON ROAD lies on this distribution: 5% of semi-detached houses houses are smaller than 8 MERTON ROAD, and 94% of houses are larger. Note that EPC data is not available for all properties in Watton.

8 MERTON ROAD: Plot and Title Map

8 MERTON ROAD sits on a plot of roughly 0.128 of an acre, or 517m². The below map shows the location of 8 MERTON 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 8 MERTON 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.

Where is 8 MERTON ROAD?

8 MERTON ROAD is located in WATTON, in the IP25 postcode district. The below map shows the position of No. 8 on MERTON ROAD.