MERRINDALE, SHEEPDOWN CLOSE, PETWORTH, GU28 0BP - £575,000

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

MERRINDALE is a midsized extended detached house of 108m², built sometime between 1930 and 1949. It was last sold for £575,000 in July 2015, which was around 9% above the average July 2015 detached price in the Chichester local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

MERRINDALE Sold Prices

Land registry data shows three sales for MERRINDALE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. Two of the three MERRINDALE sales were for above the average price, whilst one 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
2015 24 JUL	£575,000	£525,138	9% above HPI
2010 10 DEC	£395,000	£431,085	8% below HPI
2009 18 MAY	£375,000	£366,009	2% above HPI

MERRINDALE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chichester local authority area over time, sourced from the HPI. The three MERRINDALE sales between May 2009 and July 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 December 2010 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the July 2015 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is MERRINDALE?

MERRINDALE is 108m², which includes one extension, according to the EPC inspection conducted in November 2014. This puts it in the smallest 50% of detached houses in Petworth, based on EPC data. The below chart shows the distribution of detached houses by size in Petworth, and where MERRINDALE lies on this distribution: 42% of detached houses are smaller than MERRINDALE, and 57% of houses are larger. Note that EPC data is not available for all properties in Petworth.

MERRINDALE: Plot and Title Map

MERRINDALE sits on a plot of roughly 0.142 of an acre, or 575m². The below map shows the location of MERRINDALE, 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 MERRINDALE). 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 MERRINDALE?

MERRINDALE is located on SHEEPDOWN CLOSE in PETWORTH, in the GU28 postcode district. The below map shows the position of MERRINDALE on SHEEPDOWN CLOSE.