MERRILEA, LOWER PLATTS, TICEHURST, WADHURST, TN5 7BX - £275,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

MERRILEA is a small extended detached house of 128m², built sometime between 1930 and 1949. It was last sold for £275,000 in July 2004, which was around 3% below the average July 2004 detached price in the Rother local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was B.

MERRILEA Sold Prices

Land registry data shows four sales for MERRILEA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rother local authority area for the corresponding sale date. Most of the four MERRILEA 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
2004 9 JUL	£275,000	£284,185	3% below HPI
2002 4 JUL	£230,000	£208,306	10% above HPI
1999 21 JAN	£128,000	£120,154	7% above HPI
1995 4 SEP	£100,000	£91,512	9% above HPI

MERRILEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rother local authority area over time, sourced from the HPI. The four MERRILEA sales between September 1995 and July 2004 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 July 2002 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the July 2004 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is MERRILEA?

MERRILEA is 128m², which includes one extension, according to the EPC inspection conducted in July 2019. This puts it in the smallest 40% of detached houses in Ticehurst, based on EPC data. The below chart shows the distribution of detached houses by size in Ticehurst, and where MERRILEA lies on this distribution: 40% of detached houses are smaller than MERRILEA, and 59% of houses are larger. Note that EPC data is not available for all properties in Ticehurst.

MERRILEA: Plot and Title Map

MERRILEA sits on a plot of roughly 0.152 of an acre, or 613m². The below map shows the location of MERRILEA, 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 MERRILEA). 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 MERRILEA?

MERRILEA is located on LOWER PLATTS in TICEHURST, in the TN5 postcode district. The below map shows the position of MERRILEA on LOWER PLATTS.