2, ERMINE WAY, STAMFORD, PE9 2XL - £600,000

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 WAY is a large extended detached house of 140m², built sometime between 1930 and 1949, which could now be worth an estimated £674,847. It was last sold for £600,000 in September 2021, which was around 85% above the average September 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

2 ERMINE WAY Sold Prices

Land registry data shows three sales for 2 ERMINE WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the three 2 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
2021 10 SEP	£600,000	£324,215	85% above HPI
2011 21 FEB	£300,000	£205,813	46% above HPI
2002 16 AUG	£175,000	£145,900	20% above HPI

2 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 three 2 ERMINE WAY sales between August 2002 and September 2021 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 February 2011 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the September 2021 sale, where it rises to 85% above the HPI. The line then continues to track at 85% above the HPI.

What might 2 ERMINE WAY be worth now?

2 ERMINE WAY might now be worth an estimated £674,847.

This is based on house price inflation of 12.5%, between September 2021 and February 2025, for detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.5% inflationary increase is applied to the most recent sale price for 2 ERMINE WAY of £600,000 on 10th September 2021. For the value to have increased from £600,000 to £674,847 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 ERMINE WAY has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The September 2021 sale price of £600,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ERMINE WAY has not materially changed since September 2021.

How Large is 2 ERMINE WAY?

2 ERMINE WAY is 140m², which includes two extensions, according to the EPC inspection conducted in October 2013. This puts it in the largest 40% of detached houses houses in Stamford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stamford, and where 2 ERMINE WAY lies on this distribution: 67% of detached houses houses are smaller than 2 ERMINE WAY, and 31% of houses are larger. Note that EPC data is not available for all properties in Stamford.

2 ERMINE WAY: Plot and Title Map

2 ERMINE WAY sits on a plot of roughly 0.131 of an acre, or 531m². The below map shows the location of 2 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 2 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 2 ERMINE WAY?

2 ERMINE WAY is located in STAMFORD, in the PE9 postcode district. The below map shows the position of No. 2 on ERMINE WAY.