4, MERCIA DRIVE, SHEFFIELD, S17 3QF - £360,000

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

4 MERCIA DRIVE is a small detached house of 96m², built sometime between 1950 and 1966. It was last sold for £360,000 in April 2021, which was around 13% above the average April 2021 detached price in the Sheffield local authority area. The most recent EPC inspection was October 2017, where the current energy rating was C, and the potential energy rating was B.

4 MERCIA DRIVE Sold Prices

Land registry data shows three sales for 4 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 Sheffield local authority area for the corresponding sale date. All of the three 4 MERCIA 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
2021 6 APR	£360,000	£318,307	13% above HPI
2016 31 MAR	£345,000	£250,187	38% above HPI
1997 11 JUL	£105,000	£78,431	34% above HPI

4 MERCIA DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Sheffield local authority area over time, sourced from the HPI. The three 4 MERCIA DRIVE sales between July 1997 and April 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 March 2016 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the April 2021 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is 4 MERCIA DRIVE?

4 MERCIA DRIVE is 96m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 40% of detached houses in Sheffield, based on EPC data. The below chart shows the distribution of detached houses by size in Sheffield, and where 4 MERCIA DRIVE lies on this distribution: 32% of detached houses are smaller than 4 MERCIA DRIVE, and 67% of houses are larger. Note that EPC data is not available for all properties in Sheffield.

4 MERCIA DRIVE: Plot and Title Map

4 MERCIA DRIVE sits on a plot of roughly 0.106 of an acre, or 431m². The below map shows the location of 4 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 4 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 4 MERCIA DRIVE?

4 MERCIA DRIVE is located in SHEFFIELD, in the S17 postcode district. The below map shows the position of No. 4 on MERCIA DRIVE.