MERLEBANK, HILL RISE ROAD, LYME REGIS, DT7 3LN - £529,000

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.

MERLEBANK is a midsized detached house of 131m², built sometime between 1900 and 1929, which could now be worth an estimated £763,973. It was last sold for £529,000 in February 2015, which was around 45% above the average February 2015 detached price in the Dorset local authority area. The most recent EPC inspection was May 2014, where the current energy rating was F, and the potential energy rating was C.

MERLEBANK Sold Prices

Land registry data shows three sales for MERLEBANK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. Two of the three MERLEBANK 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
2015 12 FEB	£529,000	£365,903	45% above HPI
2001 31 AUG	£245,000	£189,592	29% above HPI
1996 24 MAY	£87,000	£97,750	11% below HPI

MERLEBANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The three MERLEBANK sales between May 1996 and February 2015 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 August 2001 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the February 2015 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might MERLEBANK be worth now?

MERLEBANK might now be worth an estimated £763,973.

This is based on house price inflation of 44.4%, between February 2015 and February 2025, for detached houses, in the Dorset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 44.4% inflationary increase is applied to the most recent sale price for MERLEBANK of £529,000 on 12th February 2015. For the value to have increased from £529,000 to £763,973 over the ten years to February 2025, the following assumptions must hold true:

• The value of MERLEBANK has moved in line with the HPI for detached houses in the Dorset local authority area.
• The February 2015 sale price of £529,000 represented a fair market value for the property.
• The size, condition, and specification of MERLEBANK has not materially changed since February 2015.

How Large is MERLEBANK?

MERLEBANK is 131m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 50% of detached houses houses in Lyme Regis, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lyme Regis, and where MERLEBANK lies on this distribution: 49% of detached houses houses are smaller than MERLEBANK, and 50% of houses are larger. Note that EPC data is not available for all properties in Lyme Regis.

MERLEBANK: Plot and Title Map

MERLEBANK sits on a plot of roughly 0.108 of an acre, or 439m². The below map shows the location of MERLEBANK, 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 MERLEBANK). 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 MERLEBANK?

MERLEBANK is located on HILL RISE ROAD in LYME REGIS, in the DT7 postcode district. The below map shows the position of MERLEBANK on HILL RISE ROAD.