48, MERCIA DRIVE, ANCASTER, GRANTHAM, NG32 3QQ - £205,000

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

48 MERCIA DRIVE is a midsized detached house of 102m², built sometime between 1996 and 2002. It was last sold for £205,000 in July 2018, which was around 32% below the average July 2018 detached price in the South Kesteven local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was C.

48 MERCIA DRIVE Sold Prices

Land registry data shows two sales for 48 MERCIA DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. Both of the two 48 MERCIA 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
2018 12 JUL	£205,000	£300,614	32% below HPI
2002 25 JAN	£86,995	£128,517	32% below HPI

48 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 two 48 MERCIA DRIVE sales from January 2002 and July 2018 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 January 2002 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the July 2018 sale, which was also at 32% below the HPI.

How Large is 48 MERCIA DRIVE?

48 MERCIA DRIVE is 102m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 50% of detached houses in Ancaster, based on EPC data. The below chart shows the distribution of detached houses by size in Ancaster, and where 48 MERCIA DRIVE lies on this distribution: 49% of detached houses are smaller than 48 MERCIA DRIVE, and 51% of houses are larger. Note that EPC data is not available for all properties in Ancaster.

48 MERCIA DRIVE: Plot and Title Map

48 MERCIA DRIVE sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of 48 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 48 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 48 MERCIA DRIVE?

48 MERCIA DRIVE is located in ANCASTER, in the NG32 postcode district. The below map shows the position of No. 48 on MERCIA DRIVE.