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

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.

16 ERME PARK is a small extended detached house of 93m², built sometime between 1967 and 1975, which could now be worth an estimated £522,214. It was last sold for £470,000 in November 2020, which was around 11% 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	£525,370	11% below HPI
1997 4 APR	£91,000	£108,550	16% 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 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the November 2020 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 16 ERME PARK be worth now?

16 ERME PARK might now be worth an estimated £522,214.

This is based on house price inflation of 11.1%, between November 2020 and February 2025, for detached houses, in the South Hams local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 11.1% inflationary increase is applied to the most recent sale price for 16 ERME PARK of £470,000 on 20th November 2020. For the value to have increased from £470,000 to £522,214 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 16 ERME PARK has moved in line with the HPI for detached houses in the South Hams local authority area.
• The November 2020 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of 16 ERME PARK has not materially changed since November 2020.

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 houses in Ermington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ermington, and where 16 ERME PARK lies on this distribution: 31% of detached houses 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.