16, ERME PARK, ERMINGTON, IVYBRIDGE, PL21 9LY - £470,000

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

16 ERME PARK is a small extended detached house of 93m², built sometime between 1967 and 1975. It was last sold for £470,000 in November 2020, which was around 9% below the average November 2020 detached price in the South Hams local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was B.

16 ERME PARK Sold Prices

Land registry data shows two sales for 16 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 16 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
2020 20 NOV	£470,000	£515,545	9% below HPI
1997 4 APR	£91,000	£106,520	15% below HPI

16 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 16 ERME PARK sales from April 1997 and November 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 April 1997 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the November 2020 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 16 ERME PARK?

16 ERME PARK is 93m², which includes one extension, according to the EPC inspection conducted in October 2018. 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 16 ERME PARK lies on this distribution: 31% of detached houses are smaller than 16 ERME PARK, and 69% of houses are larger. Note that EPC data is not available for all properties in Ermington.

16 ERME PARK: Plot and Title Map

16 ERME PARK sits on a plot of roughly 0.178 of an acre, or 719m². The below map shows the location of 16 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 16 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 16 ERME PARK?

16 ERME PARK is located in ERMINGTON, in the PL21 postcode district. The below map shows the position of No. 16 on ERME PARK.