1, MERLE WAY, FERNHURST, HASLEMERE, GU27 3NB - £310,500

1 MERLE WAY is a very small detached house of 64m², built sometime between 1950 and 1966. It was last sold for £310,500 in August 2018, which was around 48% below the average August 2018 detached price in the Chichester local authority area. The most recent EPC inspection was September 2017, where the current energy rating was E, and the potential energy rating was C.

1 MERLE WAY Sold Prices

Land registry data shows two sales for 1 MERLE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. Both of the two 1 MERLE WAY 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
2018 17 AUG	£310,500	£602,385	48% below HPI
2018 9 APR	£275,000	£596,504	54% below HPI

1 MERLE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chichester local authority area over time, sourced from the HPI. The two 1 MERLE WAY sales from April 2018 and August 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 April 2018 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the August 2018 sale, where it rises to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is 1 MERLE WAY?

1 MERLE WAY is 64m² according to the EPC inspection conducted in September 2017. This puts it in the smallest 10% of detached houses in Fernhurst, based on EPC data. The below chart shows the distribution of detached houses by size in Fernhurst, and where 1 MERLE WAY lies on this distribution: 1% of detached houses are smaller than 1 MERLE WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Fernhurst.

1 MERLE WAY: Plot and Title Map

1 MERLE WAY sits on a plot of roughly 0.100 of an acre, or 405m². The below map shows the location of 1 MERLE WAY, 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 MERLE WAY). 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 MERLE WAY?

1 MERLE WAY is located in FERNHURST, in the GU27 postcode district. The below map shows the position of No. 1 on MERLE WAY.