MERRIDALE, THE DRIFT, EXNING, NEWMARKET, CB8 7EZ - £431,250

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.

MERRIDALE is a midsized extended detached house of 141m², built sometime between 1930 and 1949, which could now be worth an estimated £478,365. It was last sold for £431,250 in February 2021, which was around 6% above the average February 2021 detached price in the West Suffolk local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was B.

MERRIDALE Sold Prices

Land registry data shows four sales for MERRIDALE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. Most of the four MERRIDALE 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
2021 12 FEB	£431,250	£406,145	6% above HPI
2010 3 JUN	£325,000	£256,804	27% above HPI
2000 5 MAY	£154,500	£124,679	24% above HPI
1996 12 DEC	£67,000	£84,866	21% below HPI

MERRIDALE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Suffolk local authority area over time, sourced from the HPI. The four MERRIDALE sales between December 1996 and February 2021 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 2010 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the February 2021 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might MERRIDALE be worth now?

MERRIDALE might now be worth an estimated £478,365.

This is based on house price inflation of 10.9%, between February 2021 and February 2025, for detached houses, in the West Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.9% inflationary increase is applied to the most recent sale price for MERRIDALE of £431,250 on 12th February 2021. For the value to have increased from £431,250 to £478,365 over the four years to February 2025, the following assumptions must hold true:

• The value of MERRIDALE has moved in line with the HPI for detached houses in the West Suffolk local authority area.
• The February 2021 sale price of £431,250 represented a fair market value for the property.
• The size, condition, and specification of MERRIDALE has not materially changed since February 2021.

How Large is MERRIDALE?

MERRIDALE is 141m², which includes two extensions, according to the EPC inspection conducted in June 2020. This puts it in the smallest 50% of detached houses houses in Exning, based on EPC data. The below chart shows the distribution of detached houses houses by size in Exning, and where MERRIDALE lies on this distribution: 44% of detached houses houses are smaller than MERRIDALE, and 55% of houses are larger. Note that EPC data is not available for all properties in Exning.

MERRIDALE: Plot and Title Map

MERRIDALE sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of MERRIDALE, 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 MERRIDALE). 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 MERRIDALE?

MERRIDALE is located on THE DRIFT in EXNING, in the CB8 postcode district. The below map shows the position of MERRIDALE on THE DRIFT.