MERROSE, WALNUT CREST, HIXON, STAFFORD, ST18 0NS - £200,000

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.

MERROSE is a very small detached house of 71m², built sometime between 1996 and 2002, which could now be worth an estimated £259,001. It was last sold for £200,000 in March 2020, which was around 34% below the average March 2020 detached price in the Stafford local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

MERROSE Sold Prices

Land registry data shows three sales for MERROSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Stafford local authority area for the corresponding sale date. All of the three MERROSE 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
2020 11 MAR	£200,000	£304,643	34% below HPI
2001 12 OCT	£112,000	£130,248	14% below HPI
1998 21 DEC	£89,950	£98,472	9% below HPI

MERROSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stafford local authority area over time, sourced from the HPI. The three MERROSE sales between December 1998 and March 2020 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 October 2001 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the March 2020 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might MERROSE be worth now?

MERROSE might now be worth an estimated £259,001.

This is based on house price inflation of 29.5%, between March 2020 and March 2025, for detached houses, in the Stafford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 29.5% inflationary increase is applied to the most recent sale price for MERROSE of £200,000 on 11th March 2020. For the value to have increased from £200,000 to £259,001 over the five years to March 2025, the following assumptions must hold true:

• The value of MERROSE has moved in line with the HPI for detached houses in the Stafford local authority area.
• The March 2020 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of MERROSE has not materially changed since March 2020.

How Large is MERROSE?

MERROSE is 71m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 10% of detached houses houses in Hixon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hixon, and where MERROSE lies on this distribution: 7% of detached houses houses are smaller than MERROSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Hixon.

MERROSE: Plot and Title Map

MERROSE sits on a plot of roughly 0.092 of an acre, or 373m². The below map shows the location of MERROSE, 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 MERROSE). 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 MERROSE?

MERROSE is located on WALNUT CREST in HIXON, in the ST18 postcode district. The below map shows the position of MERROSE on WALNUT CREST.