1, MERRICK CLOSE, NEWPORT, PO30 2FT - £262,000

1 MERRICK CLOSE is a small detached house of 89m². It was last sold for £262,000 in October 2022, which was around 40% below the average October 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2013, where the current energy rating was C, and the potential energy rating was C.

1 MERRICK CLOSE Sold Prices

Land registry data shows three sales for 1 MERRICK CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three 1 MERRICK CLOSE 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 3 OCT	£262,000	£435,539	40% below HPI
2019 24 OCT	£207,000	£330,575	37% below HPI
2013 17 DEC	£193,000	£259,966	26% below HPI

1 MERRICK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The three 1 MERRICK CLOSE sales between December 2013 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 October 2019 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the October 2022 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 1 MERRICK CLOSE?

1 MERRICK CLOSE is 89m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 40% of detached houses in Newport, based on EPC data. The below chart shows the distribution of detached houses by size in Newport, and where 1 MERRICK CLOSE lies on this distribution: 40% of detached houses are smaller than 1 MERRICK CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Newport.

1 MERRICK CLOSE: Plot and Title Map

1 MERRICK CLOSE sits on a plot of roughly 0.045 of an acre, or 182m². The below map shows the location of 1 MERRICK CLOSE, 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 MERRICK CLOSE). 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 MERRICK CLOSE?

1 MERRICK CLOSE is located in NEWPORT, in the PO30 postcode district. The below map shows the position of No. 1 on MERRICK CLOSE.