3, ERME DRIVE, IVYBRIDGE, PL21 9BN - £260,000

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

3 ERME DRIVE is a very large detached house of 143m², built sometime between 1950 and 1966. It was last sold for £260,000 in February 2012, which was around 27% below the average February 2012 detached price in the South Hams local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was B.

3 ERME DRIVE Sold Prices

Land registry data shows four sales for 3 ERME 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 Hams local authority area for the corresponding sale date. All of the four 3 ERME 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
2012 23 FEB	£260,000	£358,607	27% below HPI
2005 8 JUL	£249,950	£321,452	22% below HPI
2000 29 NOV	£156,000	£168,649	8% below HPI
1998 28 AUG	£98,500	£118,045	17% below HPI

3 ERME DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Hams local authority area over time, sourced from the HPI. The four 3 ERME DRIVE sales between August 1998 and February 2012 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 2005 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the February 2012 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 3 ERME DRIVE?

3 ERME DRIVE is 143m² according to the EPC inspection conducted in April 2014. This puts it in the largest 20% of detached houses in Ivybridge, based on EPC data. The below chart shows the distribution of detached houses by size in Ivybridge, and where 3 ERME DRIVE lies on this distribution: 87% of detached houses are smaller than 3 ERME DRIVE, and 13% of houses are larger. Note that EPC data is not available for all properties in Ivybridge.

3 ERME DRIVE: Plot and Title Map

3 ERME DRIVE sits on a plot of roughly 0.098 of an acre, or 398m². The below map shows the location of 3 ERME 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 3 ERME 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 3 ERME DRIVE?

3 ERME DRIVE is located in IVYBRIDGE, in the PL21 postcode district. The below map shows the position of No. 3 on ERME DRIVE.