MERLINS, SILVER STREET, SOUTH CERNEY, CIRENCESTER, GL7 5TR - £365,000

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

MERLINS is a very small extended detached house of 80m², built sometime between 1930 and 1949. It was last sold for £365,000 in November 2015, which was around 29% below the average November 2015 detached price in the Cotswold local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

MERLINS Sold Prices

Land registry data shows four sales for MERLINS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cotswold local authority area for the corresponding sale date. All of the four MERLINS 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
2015 26 NOV	£365,000	£511,842	29% below HPI
2008 20 JUN	£299,000	£407,676	27% below HPI
2006 30 JUN	£249,950	£382,528	35% below HPI
2000 29 SEP	£129,500	£231,546	44% below HPI

MERLINS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cotswold local authority area over time, sourced from the HPI. The four MERLINS sales between September 2000 and November 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 June 2008 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the November 2015 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is MERLINS?

MERLINS is 80m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the smallest 10% of detached houses in South Cerney, based on EPC data. The below chart shows the distribution of detached houses by size in South Cerney, and where MERLINS lies on this distribution: 6% of detached houses are smaller than MERLINS, and 93% of houses are larger. Note that EPC data is not available for all properties in South Cerney.

MERLINS: Plot and Title Map

MERLINS sits on a plot of roughly 0.125 of an acre, or 507m². The below map shows the location of MERLINS, 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 MERLINS). 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 MERLINS?

MERLINS is located on SILVER STREET in SOUTH CERNEY, in the GL7 postcode district. The below map shows the position of MERLINS on SILVER STREET.