1, MERLAY DRIVE, DINNINGTON, NEWCASTLE UPON TYNE, NE13 7LT - £235,000

1 MERLAY DRIVE is a midsized extended detached house of 108m², built sometime between 1976 and 1982. It was last sold for £235,000 in October 2014, which was around 11% below the average October 2014 detached price in the Newcastle upon Tyne local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

1 MERLAY DRIVE Sold Prices

Land registry data shows four sales for 1 MERLAY DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newcastle upon Tyne local authority area for the corresponding sale date. Most of the four 1 MERLAY 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
2014 31 OCT	£235,000	£263,050	11% below HPI
2005 24 MAR	£250,000	£234,718	7% above HPI
1996 6 DEC	£79,950	£89,894	11% below HPI
1995 12 MAY	£66,000	£86,530	24% below HPI

1 MERLAY DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newcastle upon Tyne local authority area over time, sourced from the HPI. The four 1 MERLAY DRIVE sales between May 1995 and October 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 March 2005 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the October 2014 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 1 MERLAY DRIVE?

1 MERLAY DRIVE is 108m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the largest 50% of detached houses in Dinnington, based on EPC data. The below chart shows the distribution of detached houses by size in Dinnington, and where 1 MERLAY DRIVE lies on this distribution: 51% of detached houses are smaller than 1 MERLAY DRIVE, and 43% of houses are larger. Note that EPC data is not available for all properties in Dinnington.

1 MERLAY DRIVE: Plot and Title Map

1 MERLAY DRIVE sits on a plot of roughly 0.099 of an acre, or 400m². The below map shows the location of 1 MERLAY 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 MERLAY 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 MERLAY DRIVE?

1 MERLAY DRIVE is located in DINNINGTON, in the NE13 postcode district. The below map shows the position of No. 1 on MERLAY DRIVE.