MERRAWAY, EAST LANE, CHIEVELEY, NEWBURY, RG20 8UY - £600,000

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

MERRAWAY is a small detached house of 110m², built sometime between 1950 and 1966. It was last sold for £600,000 in January 2019, which was around 5% above the average January 2019 detached price in the West Berkshire local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was A.

MERRAWAY Sold Prices

Land registry data shows two sales for MERRAWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Berkshire local authority area for the corresponding sale date. One of the two MERRAWAY sales was for above the average price, whilst the other 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
2019 4 JAN	£600,000	£573,153	5% above HPI
2015 9 SEP	£460,000	£514,575	11% below HPI

MERRAWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Berkshire local authority area over time, sourced from the HPI. The two MERRAWAY sales from September 2015 and January 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 September 2015 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the January 2019 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is MERRAWAY?

MERRAWAY is 110m² according to the EPC inspection conducted in February 2018. This puts it in the smallest 30% of detached houses in Chieveley, based on EPC data. The below chart shows the distribution of detached houses by size in Chieveley, and where MERRAWAY lies on this distribution: 22% of detached houses are smaller than MERRAWAY, and 76% of houses are larger. Note that EPC data is not available for all properties in Chieveley.

MERRAWAY: Plot and Title Map

MERRAWAY sits on a plot of roughly 0.232 of an acre, or 940m². The below map shows the location of MERRAWAY, 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 MERRAWAY). 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 MERRAWAY?

MERRAWAY is located on EAST LANE in CHIEVELEY, in the RG20 postcode district. The below map shows the position of MERRAWAY on EAST LANE.