5, ERME PARK, ERMINGTON, IVYBRIDGE, PL21 9LY - £314,000

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

5 ERME PARK is a large detached house of 129m², built sometime between 1967 and 1975. It was last sold for £314,000 in April 2014, which was around 15% below the average April 2014 detached price in the South Hams local authority area. The most recent EPC inspection was June 2023, where the current energy rating was C, and the potential energy rating was C.

5 ERME PARK Sold Prices

Land registry data shows three sales for 5 ERME PARK 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 Hams local authority area for the corresponding sale date. Two of the three 5 ERME PARK 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
2014 23 APR	£314,000	£370,881	15% below HPI
2005 5 SEP	£300,000	£337,949	11% below HPI
1997 22 MAY	£120,000	£109,469	10% above HPI

5 ERME PARK Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Hams local authority area over time, sourced from the HPI. The three 5 ERME PARK sales between May 1997 and April 2014 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 September 2005 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the April 2014 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 5 ERME PARK?

5 ERME PARK is 129m² according to the EPC inspection conducted in June 2023. This puts it in the largest 30% of detached houses in Ermington, based on EPC data. The below chart shows the distribution of detached houses by size in Ermington, and where 5 ERME PARK lies on this distribution: 66% of detached houses are smaller than 5 ERME PARK, and 28% of houses are larger. Note that EPC data is not available for all properties in Ermington.

5 ERME PARK: Plot and Title Map

5 ERME PARK sits on a plot of roughly 0.208 of an acre, or 840m². The below map shows the location of 5 ERME PARK, 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 5 ERME PARK). 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 5 ERME PARK?

5 ERME PARK is located in ERMINGTON, in the PL21 postcode district. The below map shows the position of No. 5 on ERME PARK.