THE LAURELS, BOWER ROAD, MERSHAM, ASHFORD, TN25 6NJ - £575,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

THE LAURELS is a midsized extended detached house of 156m², built sometime between 2003 and 2006. It was last sold for £575,000 in June 2018, which was around 25% above the average June 2018 detached price in the Ashford local authority area. The most recent EPC inspection was September 2020, where the current energy rating was F, and the potential energy rating was E.

THE LAURELS Sold Prices

Land registry data shows two sales for THE LAURELS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Ashford local authority area for the corresponding sale date. Both of the two THE LAURELS 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
2018 5 JUN	£575,000	£460,678	25% above HPI
2006 16 NOV	£399,950	£306,893	30% above HPI

THE LAURELS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ashford local authority area over time, sourced from the HPI. The two THE LAURELS sales from November 2006 and June 2018 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 November 2006 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the June 2018 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is THE LAURELS?

THE LAURELS is 156m², which includes two extensions, according to the EPC inspection conducted in September 2020. This puts it in the smallest 50% of detached houses in Mersham, based on EPC data. The below chart shows the distribution of detached houses by size in Mersham, and where THE LAURELS lies on this distribution: 46% of detached houses are smaller than THE LAURELS, and 51% of houses are larger. Note that EPC data is not available for all properties in Mersham.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of THE LAURELS, 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 THE LAURELS). 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 THE LAURELS?

THE LAURELS is located on BOWER ROAD in MERSHAM, in the TN25 postcode district. The below map shows the position of THE LAURELS on BOWER ROAD.