THE STABLES, BOWER ROAD, MERSHAM, ASHFORD, TN25 6NJ - £355,000

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 STABLES is a very small extended detached house of 64m², built sometime from 2007 onwards. It was last sold for £355,000 in October 2022, which was around 36% below the average October 2022 detached price in the Ashford local authority area. The most recent EPC inspection was January 2011, where the current energy rating was E, and the potential energy rating was D.

THE STABLES Sold Prices

Land registry data shows three sales for THE STABLES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Ashford local authority area for the corresponding sale date. All of the three THE STABLES sales were 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
2022 17 OCT	£355,000	£555,945	36% below HPI
2021 21 APR	£270,000	£482,747	44% below HPI
2017 9 JAN	£200,000	£430,519	54% below HPI

THE STABLES 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 three THE STABLES sales between January 2017 and October 2022 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 April 2021 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the October 2022 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is THE STABLES?

THE STABLES is 64m², which includes one extension, according to the EPC inspection conducted in January 2011. This puts it in the smallest 10% 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 STABLES lies on this distribution: 1% of detached houses are smaller than THE STABLES, and 99% of houses are larger. Note that EPC data is not available for all properties in Mersham.

THE STABLES: Plot and Title Map

THE STABLES sits on a plot of roughly 0.014 of an acre, or 56m². The below map shows the location of THE STABLES, 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 STABLES). 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 STABLES?

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