2, MERCER DRIVE, LINCOLN, LN1 1AG - £190,000

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 MERCER DRIVE is a large detached house of 118m², built sometime between 2003 and 2006. It was last sold for £190,000 in June 2009, which was around 14% above the average June 2009 detached price in the Lincoln local authority area. The most recent EPC inspection was December 2008, where the current energy rating was C, and the potential energy rating was C.

2 MERCER DRIVE Sold Prices

Land registry data shows two sales for 2 MERCER DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. Both of the two 2 MERCER DRIVE 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
2009 1 JUN	£190,000	£166,737	14% above HPI
2003 14 JUL	£163,950	£149,750	9% above HPI

2 MERCER DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lincoln local authority area over time, sourced from the HPI. The two 2 MERCER DRIVE sales from July 2003 and June 2009 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 2003 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the June 2009 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is 2 MERCER DRIVE?

2 MERCER DRIVE is 118m² according to the EPC inspection conducted in December 2008. This puts it in the largest 40% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 2 MERCER DRIVE lies on this distribution: 68% of detached houses are smaller than 2 MERCER DRIVE, and 32% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

2 MERCER DRIVE: Plot and Title Map

2 MERCER DRIVE sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 2 MERCER DRIVE, 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 MERCER DRIVE). 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 MERCER DRIVE?

2 MERCER DRIVE is located in LINCOLN, in the LN1 postcode district. The below map shows the position of No. 2 on MERCER DRIVE.