MERLEWOOD, THE AVENUE, GUISBOROUGH, TS14 8EE - £480,000

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

MERLEWOOD is a very large extended detached house of 192m², built sometime between 1950 and 1966. It was last sold for £480,000 in July 2010, which was around 166% above the average July 2010 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was June 2009, where the current energy rating was C, and the potential energy rating was C.

MERLEWOOD Sold Prices

Land registry data shows two sales for MERLEWOOD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. Both of the two MERLEWOOD sales 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
2010 23 JUL	£480,000	£180,588	166% above HPI
2005 11 NOV	£355,000	£179,882	97% above HPI

MERLEWOOD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Redcar and Cleveland local authority area over time, sourced from the HPI. The two MERLEWOOD sales from November 2005 and July 2010 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 2005 sale was for 97% above the HPI. So the extrapolation line tracks at 97% above the HPI over time, until the July 2010 sale, where it rises to 166% above the HPI. The line then continues to track at 166% above the HPI.

How Large is MERLEWOOD?

MERLEWOOD is 192m², which includes two extensions, according to the EPC inspection conducted in June 2009. This puts it in the largest 10% of detached houses in Guisborough, based on EPC data. The below chart shows the distribution of detached houses by size in Guisborough, and where MERLEWOOD lies on this distribution: 96% of detached houses are smaller than MERLEWOOD, and 4% of houses are larger. Note that EPC data is not available for all properties in Guisborough.

MERLEWOOD: Plot and Title Map

MERLEWOOD sits on a plot of roughly 1.1 acres, or 4,263m². The below map shows the location of MERLEWOOD, 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 MERLEWOOD). 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 MERLEWOOD?

MERLEWOOD is located on THE AVENUE in GUISBOROUGH, in the TS14 postcode district. The below map shows the position of MERLEWOOD on THE AVENUE.