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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 MERLE WAY is a very small detached house of 64m², built sometime between 1950 and 1966, which could now be worth an estimated £343,341. It was last sold for £310,500 in August 2018, which was around 50% 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	£615,568	50% below HPI
2018 9 APR	£275,000	£609,558	55% 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 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the August 2018 sale, where it rises to 50% below the HPI. The line then continues to track at 50% below the HPI.

What might 1 MERLE WAY be worth now?

1 MERLE WAY might now be worth an estimated £343,341.

This is based on house price inflation of 10.6%, between August 2018 and June 2025, for detached houses, in the Chichester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.6% inflationary increase is applied to the most recent sale price for 1 MERLE WAY of £310,500 on 17th August 2018. For the value to have increased from £310,500 to £343,341 over the seven years and two months to June 2025, the following assumptions must hold true:

• The value of 1 MERLE WAY has moved in line with the HPI for detached houses in the Chichester local authority area.
• The August 2018 sale price of £310,500 represented a fair market value for the property.
• The size, condition, and specification of 1 MERLE WAY has not materially changed since August 2018.

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 houses in Fernhurst, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fernhurst, and where 1 MERLE WAY lies on this distribution: 1% of detached houses 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.