28, MERCIA DRIVE, ANCASTER, GRANTHAM, NG32 3QQ - £276,000

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.

28 MERCIA DRIVE is a very large detached house of 156m², built sometime between 1996 and 2002, which could now be worth an estimated £332,355. It was last sold for £276,000 in November 2018, which was around 9% below the average November 2018 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was C.

28 MERCIA DRIVE Sold Prices

Land registry data shows three sales for 28 MERCIA DRIVE 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. One of the three 28 MERCIA DRIVE sales was for below the average price, whilst two 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
2018 19 NOV	£276,000	£302,826	9% below HPI
2004 30 APR	£220,000	£187,725	17% above HPI
2001 27 FEB	£133,995	£112,983	19% above HPI

28 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 three 28 MERCIA DRIVE sales between February 2001 and November 2018 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 April 2004 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the November 2018 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 28 MERCIA DRIVE be worth now?

28 MERCIA DRIVE might now be worth an estimated £332,355.

This is based on house price inflation of 20.4%, between November 2018 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 20.4% inflationary increase is applied to the most recent sale price for 28 MERCIA DRIVE of £276,000 on 19th November 2018. For the value to have increased from £276,000 to £332,355 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 28 MERCIA DRIVE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The November 2018 sale price of £276,000 represented a fair market value for the property.
• The size, condition, and specification of 28 MERCIA DRIVE has not materially changed since November 2018.

How Large is 28 MERCIA DRIVE?

28 MERCIA DRIVE is 156m² according to the EPC inspection conducted in September 2018. This puts it in the largest 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 28 MERCIA DRIVE lies on this distribution: 86% of detached houses houses are smaller than 28 MERCIA DRIVE, and 13% of houses are larger. Note that EPC data is not available for all properties in Ancaster.

28 MERCIA DRIVE: Plot and Title Map

28 MERCIA DRIVE sits on a plot of roughly 0.117 of an acre, or 472m². The below map shows the location of 28 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 28 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 28 MERCIA DRIVE?

28 MERCIA DRIVE is located in ANCASTER, in the NG32 postcode district. The below map shows the position of No. 28 on MERCIA DRIVE.