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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 MERTON ROAD is a very small semi-detached house of 59m², built sometime between 1950 and 1966. It was last sold for £170,000 in February 2019, which was around 43% below the average February 2019 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 detached price in the Breckland local authority area for the corresponding sale date. All of the three 8 MERTON 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
2019 27 FEB	£170,000	£300,411	43% below HPI
2013 27 NOV	£151,500	£215,467	30% below HPI
1997 13 AUG	£51,000	£73,978	31% below HPI

8 MERTON ROAD Price Paid vs. HPI Average

The below graph shows the average 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 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the February 2019 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

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 detached houses in Watton, based on EPC data. The below chart shows the distribution of detached houses by size in Watton, and where 8 MERTON ROAD lies on this distribution: 5% of detached 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.