5, MERCHANT PLACE, MARDEN, TONBRIDGE, TN12 9TT - £285,000

5 MERCHANT PLACE is a very small detached house of 105m², built sometime between 1996 and 2002. It was last sold for £285,000 in August 2011, which was around 12% below the average August 2011 detached price in the Maidstone local authority area. The most recent EPC inspection was December 2009, where the current energy rating was D, and the potential energy rating was C.

5 MERCHANT PLACE Sold Prices

Land registry data shows two sales for 5 MERCHANT PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Maidstone local authority area for the corresponding sale date. Both of the two 5 MERCHANT PLACE 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
2011 31 AUG	£285,000	£322,888	12% below HPI
1997 27 MAR	£111,950	£115,516	3% below HPI

5 MERCHANT PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Maidstone local authority area over time, sourced from the HPI. The two 5 MERCHANT PLACE sales from March 1997 and August 2011 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 March 1997 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the August 2011 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 5 MERCHANT PLACE?

5 MERCHANT PLACE is 105m² according to the EPC inspection conducted in December 2009. This puts it in the smallest 20% of detached houses in Marden, based on EPC data. The below chart shows the distribution of detached houses by size in Marden, and where 5 MERCHANT PLACE lies on this distribution: 13% of detached houses are smaller than 5 MERCHANT PLACE, and 87% of houses are larger. Note that EPC data is not available for all properties in Marden.

5 MERCHANT PLACE: Plot and Title Map

5 MERCHANT PLACE sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 5 MERCHANT PLACE, 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 5 MERCHANT PLACE). 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 5 MERCHANT PLACE?

5 MERCHANT PLACE is located in MARDEN, in the TN12 postcode district. The below map shows the position of No. 5 on MERCHANT PLACE.