12, ERME PARK, ERMINGTON, IVYBRIDGE, PL21 9LY - £340,000

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

12 ERME PARK is a small extended detached house of 102m², built sometime between 1967 and 1975. It was last sold for £340,000 in July 2017, which was around 19% below the average July 2017 detached price in the South Hams local authority area. The most recent EPC inspection was March 2017, where the current energy rating was C, and the potential energy rating was B.

12 ERME PARK Sold Prices

Land registry data shows two sales for 12 ERME PARK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. Both of the two 12 ERME PARK 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
2017 14 JUL	£340,000	£417,798	19% below HPI
1998 3 APR	£118,000	£120,810	2% below HPI

12 ERME PARK 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 two 12 ERME PARK sales from April 1998 and July 2017 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 April 1998 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the July 2017 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 12 ERME PARK?

12 ERME PARK is 102m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the smallest 40% of detached houses in Ermington, based on EPC data. The below chart shows the distribution of detached houses by size in Ermington, and where 12 ERME PARK lies on this distribution: 34% of detached houses are smaller than 12 ERME PARK, and 66% of houses are larger. Note that EPC data is not available for all properties in Ermington.

12 ERME PARK: Plot and Title Map

12 ERME PARK sits on a plot of roughly 0.122 of an acre, or 494m². The below map shows the location of 12 ERME PARK, 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 12 ERME PARK). 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 12 ERME PARK?

12 ERME PARK is located in ERMINGTON, in the PL21 postcode district. The below map shows the position of No. 12 on ERME PARK.