15, MERTON ROAD, WATTON, THETFORD, IP25 6BD - £122,000

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.

15 MERTON ROAD is a very small extended terraced house of 68m², built sometime before 1900, which could now be worth an estimated £168,356. It was last sold for £122,000 in November 2016, which was around 16% below the average November 2016 terraced price in the Breckland local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was A.

15 MERTON ROAD Sold Prices

Land registry data shows three sales for 15 MERTON ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Breckland local authority area for the corresponding sale date. One of the three 15 MERTON ROAD sales was for below the average price, whilst two were for above 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
2016 30 NOV	£122,000	£145,402	16% below HPI
2003 28 OCT	£89,950	£82,180	9% above HPI
2000 8 MAY	£48,500	£45,595	6% above HPI

15 MERTON ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Breckland local authority area over time, sourced from the HPI. The three 15 MERTON ROAD sales between May 2000 and November 2016 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 2003 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the November 2016 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 15 MERTON ROAD be worth now?

15 MERTON ROAD might now be worth an estimated £168,356.

This is based on house price inflation of 38%, between November 2016 and October 2025, for terraced houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 38% inflationary increase is applied to the most recent sale price for 15 MERTON ROAD of £122,000 on 30th November 2016. For the value to have increased from £122,000 to £168,356 over the nine years and one month to October 2025, the following assumptions must hold true:

• The value of 15 MERTON ROAD has moved in line with the HPI for terraced houses in the Breckland local authority area.
• The November 2016 sale price of £122,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MERTON ROAD has not materially changed since November 2016.

How Large is 15 MERTON ROAD?

15 MERTON ROAD is 68m², which includes two extensions, according to the EPC inspection conducted in August 2016. This puts it in the smallest 20% of terraced houses houses in Watton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Watton, and where 15 MERTON ROAD lies on this distribution: 14% of terraced houses houses are smaller than 15 MERTON ROAD, and 85% of houses are larger. Note that EPC data is not available for all properties in Watton.

15 MERTON ROAD: Plot and Title Map

15 MERTON ROAD sits on a plot of roughly 0.028 of an acre, or 113m². The below map shows the location of 15 MERTON ROAD, 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 15 MERTON ROAD). 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 15 MERTON ROAD?

15 MERTON ROAD is located in WATTON, in the IP25 postcode district. The below map shows the position of No. 15 on MERTON ROAD.