2, ERMINE COURT, BRACEBRIDGE HEATH, LINCOLN, LN4 2UR - £181,000

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.

2 ERMINE COURT is a small extended detached house of 86m², built sometime between 1996 and 2002, which could now be worth an estimated £249,313. It was last sold for £181,000 in August 2016, which was around 19% below the average August 2016 detached price in the North Kesteven local authority area. The most recent EPC inspection was November 2012, where the current energy rating was C, and the potential energy rating was B.

2 ERMINE COURT Sold Prices

Land registry data shows four sales for 2 ERMINE COURT since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the four 2 ERMINE COURT 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
2016 31 AUG	£181,000	£223,487	19% below HPI
2006 14 JUL	£157,000	£179,413	12% below HPI
2006 4 MAY	£155,000	£179,131	13% below HPI
2004 28 OCT	£165,000	£167,970	2% below HPI

2 ERMINE COURT Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The four 2 ERMINE COURT sales between October 2004 and August 2016 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 July 2006 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the August 2016 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 2 ERMINE COURT be worth now?

2 ERMINE COURT might now be worth an estimated £249,313.

This is based on house price inflation of 37.7%, between August 2016 and March 2025, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 37.7% inflationary increase is applied to the most recent sale price for 2 ERMINE COURT of £181,000 on 31st August 2016. For the value to have increased from £181,000 to £249,313 over the nine years and five months to March 2025, the following assumptions must hold true:

• The value of 2 ERMINE COURT has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The August 2016 sale price of £181,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ERMINE COURT has not materially changed since August 2016.

How Large is 2 ERMINE COURT?

2 ERMINE COURT is 86m², which includes two extensions, according to the EPC inspection conducted in November 2012. This puts it in the smallest 40% of detached houses houses in Bracebridge Heath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bracebridge Heath, and where 2 ERMINE COURT lies on this distribution: 30% of detached houses houses are smaller than 2 ERMINE COURT, and 68% of houses are larger. Note that EPC data is not available for all properties in Bracebridge Heath.

2 ERMINE COURT: Plot and Title Map

2 ERMINE COURT sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 2 ERMINE COURT, 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 2 ERMINE COURT). 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 2 ERMINE COURT?

2 ERMINE COURT is located in BRACEBRIDGE HEATH, in the LN4 postcode district. The below map shows the position of No. 2 on ERMINE COURT.