41, MERCIA DRIVE, ANCASTER, GRANTHAM, NG32 3QQ - £235,000

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.

41 MERCIA DRIVE is a large detached house of 116m², built sometime between 1996 and 2002, which could now be worth an estimated £320,017. It was last sold for £235,000 in December 2016, which was around 12% below the average December 2016 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2016, where the current energy rating was C, and the potential energy rating was B.

41 MERCIA DRIVE Sold Prices

Land registry data shows three sales for 41 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. Two of the three 41 MERCIA DRIVE sales were for below the average price, whilst one was 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
2016 2 DEC	£235,000	£267,782	12% below HPI
2004 23 APR	£192,500	£187,725	3% above HPI
2001 2 MAR	£107,995	£112,942	4% below HPI

41 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 41 MERCIA DRIVE sales between March 2001 and December 2016 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 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the December 2016 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 41 MERCIA DRIVE be worth now?

41 MERCIA DRIVE might now be worth an estimated £320,017.

This is based on house price inflation of 36.2%, between December 2016 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 36.2% inflationary increase is applied to the most recent sale price for 41 MERCIA DRIVE of £235,000 on 2nd December 2016. For the value to have increased from £235,000 to £320,017 over the nine years and ten months to February 2025, the following assumptions must hold true:

• The value of 41 MERCIA DRIVE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The December 2016 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 41 MERCIA DRIVE has not materially changed since December 2016.

How Large is 41 MERCIA DRIVE?

41 MERCIA DRIVE is 116m² according to the EPC inspection conducted in September 2016. This puts it in the largest 40% 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 41 MERCIA DRIVE lies on this distribution: 60% of detached houses houses are smaller than 41 MERCIA DRIVE, and 40% of houses are larger. Note that EPC data is not available for all properties in Ancaster.

41 MERCIA DRIVE: Plot and Title Map

41 MERCIA DRIVE sits on a plot of roughly 0.081 of an acre, or 327m². The below map shows the location of 41 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 41 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 41 MERCIA DRIVE?

41 MERCIA DRIVE is located in ANCASTER, in the NG32 postcode district. The below map shows the position of No. 41 on MERCIA DRIVE.