12, MERCHANTS CLOSE, KNAPHILL, WOKING, GU21 2PU - £480,000

12 MERCHANTS CLOSE is a very small detached house of 80m², built sometime between 1996 and 2002. It was last sold for £480,000 in November 2018, which was around 42% below the average November 2018 detached price in the Woking local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

12 MERCHANTS CLOSE Sold Prices

Land registry data shows two sales for 12 MERCHANTS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Woking local authority area for the corresponding sale date. Both of the two 12 MERCHANTS 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
2018 6 NOV	£480,000	£829,067	42% below HPI
2002 28 JUN	£249,995	£388,832	36% below HPI

12 MERCHANTS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Woking local authority area over time, sourced from the HPI. The two 12 MERCHANTS CLOSE sales from June 2002 and November 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 June 2002 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the November 2018 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 12 MERCHANTS CLOSE?

12 MERCHANTS CLOSE is 80m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 10% of detached houses in Woking, based on EPC data. The below chart shows the distribution of detached houses by size in Woking, and where 12 MERCHANTS CLOSE lies on this distribution: 7% of detached houses are smaller than 12 MERCHANTS CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Woking.

12 MERCHANTS CLOSE: Plot and Title Map

12 MERCHANTS CLOSE sits on a plot of roughly 0.056 of an acre, or 226m². The below map shows the location of 12 MERCHANTS 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 12 MERCHANTS 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 12 MERCHANTS CLOSE?

12 MERCHANTS CLOSE is located in KNAPHILL, in the GU21 postcode district. The below map shows the position of No. 12 on MERCHANTS CLOSE.