2, MERRYFIELD CLOSE, SWANTON MORLEY, DEREHAM, NR20 4GD - £265,000

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.

2 MERRYFIELD CLOSE is a midsized detached house of 117m², built sometime from 2007 onwards, which could now be worth an estimated £405,497. It was last sold for £265,000 in June 2015, which was around 9% above the average June 2015 detached price in the Breckland local authority area. The most recent EPC inspection was March 2015, where the current energy rating was C, and the potential energy rating was B.

2 MERRYFIELD CLOSE Sold Prices

Land registry data shows two sales for 2 MERRYFIELD 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 Breckland local authority area for the corresponding sale date. Both of the two 2 MERRYFIELD CLOSE sales 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
2015 19 JUN	£265,000	£244,229	9% above HPI
2008 25 JAN	£239,500	£234,970	2% above HPI

2 MERRYFIELD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The two 2 MERRYFIELD CLOSE sales from January 2008 and June 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 January 2008 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the June 2015 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 2 MERRYFIELD CLOSE be worth now?

2 MERRYFIELD CLOSE might now be worth an estimated £405,497.

This is based on house price inflation of 53%, between June 2015 and June 2025, for detached 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 53% inflationary increase is applied to the most recent sale price for 2 MERRYFIELD CLOSE of £265,000 on 19th June 2015. For the value to have increased from £265,000 to £405,497 over the ten years to June 2025, the following assumptions must hold true:

• The value of 2 MERRYFIELD CLOSE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The June 2015 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MERRYFIELD CLOSE has not materially changed since June 2015.

How Large is 2 MERRYFIELD CLOSE?

2 MERRYFIELD CLOSE is 117m² according to the EPC inspection conducted in March 2015. This puts it in the largest 50% of detached houses houses in Swanton Morley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Swanton Morley, and where 2 MERRYFIELD CLOSE lies on this distribution: 57% of detached houses houses are smaller than 2 MERRYFIELD CLOSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Swanton Morley.

2 MERRYFIELD CLOSE: Plot and Title Map

2 MERRYFIELD CLOSE sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of 2 MERRYFIELD 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 2 MERRYFIELD 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 2 MERRYFIELD CLOSE?

2 MERRYFIELD CLOSE is located in SWANTON MORLEY, in the NR20 postcode district. The below map shows the position of No. 2 on MERRYFIELD CLOSE.