MERTON HOUSE, GROVE ROAD, BURBAGE, HINCKLEY, LE10 2AD - £1,250,000

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.

MERTON HOUSE is a very large detached house of 287m², built sometime from 2007 onwards, which could now be worth an estimated £1,485,461. It was last sold for £1,250,000 in March 2021, which was around 290% above the average March 2021 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was January 2017, where the current energy rating was B, and the potential energy rating was B.

MERTON HOUSE Sold Prices

Land registry data shows three sales for MERTON HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Hinckley and Bosworth local authority area for the corresponding sale date. All of the three MERTON HOUSE 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 26 MAR	£1,250,000	£320,647	290% above HPI
2017 12 JUL	£1,000,000	£273,494	266% above HPI
2006 21 AUG	£525,000	£214,735	144% above HPI

MERTON HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hinckley and Bosworth local authority area over time, sourced from the HPI. The three MERTON HOUSE sales between August 2006 and March 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 July 2017 sale was for 266% above the HPI. So the extrapolation line tracks at 266% above the HPI over time, until the March 2021 sale, where it rises to 290% above the HPI. The line then continues to track at 290% above the HPI.

What might MERTON HOUSE be worth now?

MERTON HOUSE might now be worth an estimated £1,485,461.

This is based on house price inflation of 18.8%, between March 2021 and February 2025, for detached houses, in the Hinckley and Bosworth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.8% inflationary increase is applied to the most recent sale price for MERTON HOUSE of £1,250,000 on 26th March 2021. For the value to have increased from £1,250,000 to £1,485,461 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of MERTON HOUSE has moved in line with the HPI for detached houses in the Hinckley and Bosworth local authority area.
• The March 2021 sale price of £1,250,000 represented a fair market value for the property.
• The size, condition, and specification of MERTON HOUSE has not materially changed since March 2021.

How Large is MERTON HOUSE?

MERTON HOUSE is 287m² according to the EPC inspection conducted in January 2017. This puts it in the largest 10% of detached houses houses in Hinckley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hinckley, and where MERTON HOUSE lies on this distribution: 99% of detached houses houses are smaller than MERTON HOUSE, and 1% of houses are larger. Note that EPC data is not available for all properties in Hinckley.

MERTON HOUSE: Plot and Title Map

MERTON HOUSE sits on a plot of roughly 0.376 of an acre, or 1,522m². The below map shows the location of MERTON HOUSE, 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 MERTON HOUSE). 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 MERTON HOUSE?

MERTON HOUSE is located on GROVE ROAD in BURBAGE, in the LE10 postcode district. The below map shows the position of MERTON HOUSE on GROVE ROAD.