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

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

2 ERMINE WAY is a large extended detached house of 140m², built sometime between 1930 and 1949. It was last sold for £600,000 in September 2021, which was around 82% 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	£329,642	82% above HPI
2011 21 FEB	£300,000	£209,257	43% above HPI
2002 16 AUG	£175,000	£148,342	18% 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 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the September 2021 sale, where it rises to 82% above the HPI. The line then continues to track at 82% above the HPI.

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 in Stamford, based on EPC data. The below chart shows the distribution of detached houses by size in Stamford, and where 2 ERMINE WAY lies on this distribution: 67% of detached 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.