10, ERME DRIVE, IVYBRIDGE, PL21 9BN - £390,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

10 ERME DRIVE is a very small extended detached house of 74m², built sometime between 1976 and 1982. It was last sold for £390,000 in January 2023, which was around 32% below the average January 2023 detached price in the South Hams local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

10 ERME DRIVE Sold Prices

Land registry data shows three sales for 10 ERME DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. All of the three 10 ERME DRIVE 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
2023 10 JAN	£390,000	£574,762	32% below HPI
2020 12 AUG	£269,000	£460,099	42% below HPI
2015 30 JUL	£231,000	£397,208	42% below HPI

10 ERME DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Hams local authority area over time, sourced from the HPI. The three 10 ERME DRIVE sales between July 2015 and January 2023 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 August 2020 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the January 2023 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 10 ERME DRIVE?

10 ERME DRIVE is 74m², which includes one extension, according to the EPC inspection conducted in November 2014. This puts it in the smallest 10% of detached houses in Ivybridge, based on EPC data. The below chart shows the distribution of detached houses by size in Ivybridge, and where 10 ERME DRIVE lies on this distribution: 6% of detached houses are smaller than 10 ERME DRIVE, and 94% of houses are larger. Note that EPC data is not available for all properties in Ivybridge.

10 ERME DRIVE: Plot and Title Map

10 ERME DRIVE sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 10 ERME DRIVE, 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 10 ERME DRIVE). 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 10 ERME DRIVE?

10 ERME DRIVE is located in IVYBRIDGE, in the PL21 postcode district. The below map shows the position of No. 10 on ERME DRIVE.