46, MERLIN WAY, CHELTENHAM, GL53 0LU - £312,000

46 MERLIN WAY is a very small detached house of 94m², built sometime between 1967 and 1975. It was last sold for £312,000 in September 2012, which was around 12% below the average September 2012 detached price in the Cheltenham local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was B.

46 MERLIN WAY Sold Prices

Land registry data shows two sales for 46 MERLIN 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 Cheltenham local authority area for the corresponding sale date. Both of the two 46 MERLIN 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
2012 7 SEP	£312,000	£356,038	12% below HPI
2005 19 DEC	£277,500	£309,697	10% below HPI

46 MERLIN WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cheltenham local authority area over time, sourced from the HPI. The two 46 MERLIN WAY sales from December 2005 and September 2012 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 December 2005 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the September 2012 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 46 MERLIN WAY?

46 MERLIN WAY is 94m² according to the EPC inspection conducted in June 2012. This puts it in the smallest 20% of detached houses in Cheltenham, based on EPC data. The below chart shows the distribution of detached houses by size in Cheltenham, and where 46 MERLIN WAY lies on this distribution: 20% of detached houses are smaller than 46 MERLIN WAY, and 80% of houses are larger. Note that EPC data is not available for all properties in Cheltenham.

46 MERLIN WAY: Plot and Title Map

46 MERLIN WAY sits on a plot of roughly 0.149 of an acre, or 605m². The below map shows the location of 46 MERLIN 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 46 MERLIN 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 46 MERLIN WAY?

46 MERLIN WAY is located in CHELTENHAM, in the GL53 postcode district. The below map shows the position of No. 46 on MERLIN WAY.