38, MERRITT WAY, WATERLOOVILLE, PO8 9AX - £350,000

38 MERRITT WAY is a small detached house of 85m². It was last sold for £350,000 in July 2022, which was around 34% below the average July 2022 detached price in the Havant local authority area. The most recent EPC inspection was January 2020, where the current energy rating was B, and the potential energy rating was A.

38 MERRITT WAY Sold Prices

Land registry data shows two sales for 38 MERRITT WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Havant local authority area for the corresponding sale date. Both of the two 38 MERRITT 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
2022 22 JUL	£350,000	£529,381	34% below HPI
2020 31 JAN	£320,000	£414,226	23% below HPI

38 MERRITT WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Havant local authority area over time, sourced from the HPI. The two 38 MERRITT WAY sales from January 2020 and July 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 January 2020 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the July 2022 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 38 MERRITT WAY?

38 MERRITT WAY is 85m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 30% of detached houses in Horndean, based on EPC data. The below chart shows the distribution of detached houses by size in Horndean, and where 38 MERRITT WAY lies on this distribution: 21% of detached houses are smaller than 38 MERRITT WAY, and 78% of houses are larger. Note that EPC data is not available for all properties in Horndean.

38 MERRITT WAY: Plot and Title Map

38 MERRITT WAY sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 38 MERRITT 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 38 MERRITT 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 38 MERRITT WAY?

38 MERRITT WAY is located in WATERLOOVILLE, in the PO8 postcode district. The below map shows the position of No. 38 on MERRITT WAY.