MERRYDOWN, ROSEMARY LANE, PETWORTH, GU28 0AY - £630,000

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

MERRYDOWN is a large extended detached house of 165m², built sometime between 1950 and 1966. It was last sold for £630,000 in February 2014, which was around 38% above the average February 2014 detached price in the Chichester local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was C.

MERRYDOWN Sold Prices

Land registry data shows three sales for MERRYDOWN 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 MERRYDOWN 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
2014 7 FEB	£630,000	£457,600	38% above HPI
2002 18 FEB	£217,500	£255,028	15% below HPI
1998 15 APR	£178,500	£164,110	9% above HPI

MERRYDOWN 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 MERRYDOWN sales between April 1998 and February 2014 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 February 2002 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the February 2014 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

How Large is MERRYDOWN?

MERRYDOWN is 165m², which includes two extensions, according to the EPC inspection conducted in October 2013. This puts it in the largest 30% of detached houses in Petworth, based on EPC data. The below chart shows the distribution of detached houses by size in Petworth, and where MERRYDOWN lies on this distribution: 75% of detached houses are smaller than MERRYDOWN, and 25% of houses are larger. Note that EPC data is not available for all properties in Petworth.

MERRYDOWN: Plot and Title Map

MERRYDOWN sits on a plot of roughly 0.145 of an acre, or 589m². The below map shows the location of MERRYDOWN, 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 MERRYDOWN). 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 MERRYDOWN?

MERRYDOWN is located on ROSEMARY LANE in PETWORTH, in the GU28 postcode district. The below map shows the position of MERRYDOWN on ROSEMARY LANE.