18, ERMINE WAY, STAMFORD, PE9 2XN - £497,500

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

18 ERMINE WAY is a large extended detached house of 141m², built sometime between 1950 and 1966. It was last sold for £497,500 in July 2019, which was around 65% above the average July 2019 detached price in the South Kesteven local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was C.

18 ERMINE WAY Sold Prices

Land registry data shows two sales for 18 ERMINE WAY 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 Kesteven local authority area for the corresponding sale date. Both of the two 18 ERMINE WAY sales were for above 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
2019 15 JUL	£497,500	£300,787	65% above HPI
2012 25 OCT	£315,000	£218,225	44% above HPI

18 ERMINE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two 18 ERMINE WAY sales from October 2012 and July 2019 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 2012 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the July 2019 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

How Large is 18 ERMINE WAY?

18 ERMINE WAY is 141m², which includes one extension, according to the EPC inspection conducted in July 2012. This puts it in the largest 40% of detached houses in Stamford, based on EPC data. The below chart shows the distribution of detached houses by size in Stamford, and where 18 ERMINE WAY lies on this distribution: 69% of detached houses are smaller than 18 ERMINE WAY, and 31% of houses are larger. Note that EPC data is not available for all properties in Stamford.

18 ERMINE WAY: Plot and Title Map

18 ERMINE WAY sits on a plot of roughly 0.085 of an acre, or 345m². The below map shows the location of 18 ERMINE WAY, 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 18 ERMINE WAY). 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 18 ERMINE WAY?

18 ERMINE WAY is located in STAMFORD, in the PE9 postcode district. The below map shows the position of No. 18 on ERMINE WAY.