2, MERCIA DRIVE, ANCASTER, GRANTHAM, NG32 3QQ - £172,000

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 MERCIA DRIVE is a very small detached house of 75m², built sometime between 1976 and 1982, which could now be worth an estimated £250,110. It was last sold for £172,000 in October 2015, which was around 31% below the average October 2015 detached price in the South Kesteven local authority area. The most recent EPC inspection was April 2010, where the current energy rating was E, and the potential energy rating was D.

2 MERCIA DRIVE Sold Prices

Land registry data shows four sales for 2 MERCIA DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the four 2 MERCIA DRIVE 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
2015 9 OCT	£172,000	£250,775	31% below HPI
2008 20 JUN	£169,000	£239,780	30% below HPI
2006 26 JUN	£169,000	£216,897	22% below HPI
2002 5 JUL	£99,950	£142,940	30% below HPI

2 MERCIA DRIVE 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 four 2 MERCIA DRIVE sales between July 2002 and October 2015 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 June 2008 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the October 2015 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 2 MERCIA DRIVE be worth now?

2 MERCIA DRIVE might now be worth an estimated £250,110.

This is based on house price inflation of 45.4%, between October 2015 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 45.4% inflationary increase is applied to the most recent sale price for 2 MERCIA DRIVE of £172,000 on 9th October 2015. For the value to have increased from £172,000 to £250,110 over the ten years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 MERCIA DRIVE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The October 2015 sale price of £172,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MERCIA DRIVE has not materially changed since October 2015.

How Large is 2 MERCIA DRIVE?

2 MERCIA DRIVE is 75m² according to the EPC inspection conducted in April 2010. This puts it in the smallest 20% of detached houses houses in Ancaster, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ancaster, and where 2 MERCIA DRIVE lies on this distribution: 12% of detached houses houses are smaller than 2 MERCIA DRIVE, and 88% of houses are larger. Note that EPC data is not available for all properties in Ancaster.

2 MERCIA DRIVE: Plot and Title Map

2 MERCIA DRIVE sits on a plot of roughly 0.205 of an acre, or 829m². The below map shows the location of 2 MERCIA 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 MERCIA 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 MERCIA DRIVE?

2 MERCIA DRIVE is located in ANCASTER, in the NG32 postcode district. The below map shows the position of No. 2 on MERCIA DRIVE.