1, MEREWORTH DRIVE, LONDON, SE18 3ED - £408,000

1 MEREWORTH DRIVE is a very small detached house of 81m², built sometime between 1930 and 1949. It was last sold for £408,000 in October 2013, which was around 23% below the average October 2013 detached price in the Greenwich local authority area. The most recent EPC inspection was October 2011, where the current energy rating was D, and the potential energy rating was D.

1 MEREWORTH DRIVE Sold Prices

Land registry data shows five sales for 1 MEREWORTH DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Greenwich local authority area for the corresponding sale date. All of the five 1 MEREWORTH DRIVE 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
2013 7 OCT	£408,000	£530,233	23% below HPI
2003 19 DEC	£265,000	£351,130	25% below HPI
2000 25 OCT	£186,000	£245,188	24% below HPI
1999 4 AUG	£150,500	£192,447	22% below HPI
1995 26 MAY	£91,500	£129,103	29% below HPI

1 MEREWORTH DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Greenwich local authority area over time, sourced from the HPI. The five 1 MEREWORTH DRIVE sales between May 1995 and October 2013 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 2003 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2013 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 1 MEREWORTH DRIVE?

1 MEREWORTH DRIVE is 81m² according to the EPC inspection conducted in October 2011. This puts it in the smallest 10% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 1 MEREWORTH DRIVE lies on this distribution: 8% of detached houses are smaller than 1 MEREWORTH DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in London.

1 MEREWORTH DRIVE: Plot and Title Map

1 MEREWORTH DRIVE sits on a plot of roughly 0.083 of an acre, or 336m². The below map shows the location of 1 MEREWORTH DRIVE, 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 1 MEREWORTH DRIVE). 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 1 MEREWORTH DRIVE?

1 MEREWORTH DRIVE is located in LONDON, in the SE18 postcode district. The below map shows the position of No. 1 on MEREWORTH DRIVE.