Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources
4 MERCIA GROVE is a small extended detached house of 106m², built sometime between 1991 and 1995. It was last sold for £320,000 in February 2023, which was around 16% below the average February 2023 detached price in the South Kesteven local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.
Land registry data shows three sales for 4 MERCIA GROVE since 1st 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. All of the three 4 MERCIA GROVE 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 |
---|---|---|---|
2023 10 FEB | £320,000 | £381,290 | 16% below HPI |
2013 28 FEB | £168,500 | £214,610 | 21% below HPI |
1996 26 JUL | £58,000 | £73,113 | 21% below HPI |
The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The three 4 MERCIA GROVE sales between July 1996 and February 2023 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 February 2013 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the February 2023 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.
4 MERCIA GROVE is 106m², which includes two extensions, according to the EPC inspection conducted in October 2022. This puts it in the smallest 40% of detached houses in Baston, based on EPC data. The below chart shows the distribution of detached houses by size in Baston, and where 4 MERCIA GROVE lies on this distribution: 35% of detached houses are smaller than 4 MERCIA GROVE, and 65% of houses are larger. Note that EPC data is not available for all properties in Baston.
4 MERCIA GROVE sits on a plot of roughly 0.121 of an acre, or 488m². The below map shows the location of 4 MERCIA GROVE, 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 GROVE). 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.
4 MERCIA GROVE is located in BASTON, in the PE6 postcode district. The below map shows the position of No. 4 on MERCIA GROVE.