42, ERMINE DRIVE, NAVENBY, LINCOLN, LN5 0HB - £205,000

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

42 ERMINE DRIVE is a small detached house of 85m², built sometime between 1976 and 1982. It was last sold for £205,000 in January 2017, which was around 9% below the average January 2017 detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2016, where the current energy rating was C, and the potential energy rating was B.

42 ERMINE DRIVE Sold Prices

Land registry data shows six sales for 42 ERMINE DRIVE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the six 42 ERMINE 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
2017 16 JAN	£205,000	£225,775	9% below HPI
2008 11 AUG	£180,000	£187,338	4% below HPI
2006 18 SEP	£170,000	£187,600	9% below HPI
2005 7 MAR	£150,000	£175,290	14% below HPI
1997 15 APR	£59,950	£64,078	6% below HPI
1995 1 DEC	£52,500	£61,149	14% below HPI

42 ERMINE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The six 42 ERMINE DRIVE sales between December 1995 and January 2017 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 August 2008 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the January 2017 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 42 ERMINE DRIVE?

42 ERMINE DRIVE is 85m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 30% of detached houses in Navenby, based on EPC data. The below chart shows the distribution of detached houses by size in Navenby, and where 42 ERMINE DRIVE lies on this distribution: 26% of detached houses are smaller than 42 ERMINE DRIVE, and 72% of houses are larger. Note that EPC data is not available for all properties in Navenby.

42 ERMINE DRIVE: Plot and Title Map

42 ERMINE DRIVE sits on a plot of roughly 0.085 of an acre, or 344m². The below map shows the location of 42 ERMINE 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 42 ERMINE 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 42 ERMINE DRIVE?

42 ERMINE DRIVE is located in NAVENBY, in the LN5 postcode district. The below map shows the position of No. 42 on ERMINE DRIVE.