2, MERLE WAY, LOWER CAMBOURNE, CAMBRIDGE, CB23 6FE - £205,000

2 MERLE WAY is a very small detached house of 61m², built sometime between 1996 and 2002. It was last sold for £205,000 in February 2015, which was around 53% below the average February 2015 detached price in the South Cambridgeshire local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

2 MERLE WAY Sold Prices

Land registry data shows four sales for 2 MERLE WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Cambridgeshire local authority area for the corresponding sale date. All of the four 2 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
2015 20 FEB	£205,000	£439,064	53% below HPI
2007 9 JUL	£172,995	£343,779	50% below HPI
2004 19 NOV	£160,000	£302,538	47% below HPI
2003 27 JUN	£139,950	£256,999	46% below HPI

2 MERLE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Cambridgeshire local authority area over time, sourced from the HPI. The four 2 MERLE WAY sales between June 2003 and February 2015 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 July 2007 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the February 2015 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 2 MERLE WAY?

2 MERLE WAY is 61m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 10% of detached houses in Cambourne, based on EPC data. The below chart shows the distribution of detached houses by size in Cambourne, and where 2 MERLE WAY lies on this distribution: 3% of detached houses are smaller than 2 MERLE WAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Cambourne.

2 MERLE WAY: Plot and Title Map

2 MERLE WAY sits on a plot of roughly 0.033 of an acre, or 135m². The below map shows the location of 2 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 2 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 2 MERLE WAY?

2 MERLE WAY is located in LOWER CAMBOURNE, in the CB23 postcode district. The below map shows the position of No. 2 on MERLE WAY.