7, ERMINE RISE, GREAT CASTERTON, STAMFORD, PE9 4AJ - £405,000

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.

7 ERMINE RISE is a small detached house of 113m², built sometime between 1983 and 1990, which could now be worth an estimated £417,003. It was last sold for £405,000 in July 2022, which was around 14% below the average July 2022 detached price in the Rutland local authority area. The most recent EPC inspection was September 2017, where the current energy rating was C, and the potential energy rating was B.

7 ERMINE RISE Sold Prices

Land registry data shows three sales for 7 ERMINE RISE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. All of the three 7 ERMINE RISE 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
2022 25 JUL	£405,000	£472,509	14% below HPI
2019 11 JUL	£319,000	£390,331	18% below HPI
2018 7 FEB	£316,000	£380,295	17% below HPI

7 ERMINE RISE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rutland local authority area over time, sourced from the HPI. The three 7 ERMINE RISE sales between February 2018 and July 2022 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 July 2019 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the July 2022 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 7 ERMINE RISE be worth now?

7 ERMINE RISE might now be worth an estimated £417,003.

This is based on house price inflation of 3%, between July 2022 and February 2025, for detached houses, in the Rutland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3% inflationary increase is applied to the most recent sale price for 7 ERMINE RISE of £405,000 on 25th July 2022. For the value to have increased from £405,000 to £417,003 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 7 ERMINE RISE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The July 2022 sale price of £405,000 represented a fair market value for the property.
• The size, condition, and specification of 7 ERMINE RISE has not materially changed since July 2022.

How Large is 7 ERMINE RISE?

7 ERMINE RISE is 113m² according to the EPC inspection conducted in September 2017. This puts it in the smallest 30% of detached houses houses in Great Casterton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Casterton, and where 7 ERMINE RISE lies on this distribution: 26% of detached houses houses are smaller than 7 ERMINE RISE, and 72% of houses are larger. Note that EPC data is not available for all properties in Great Casterton.

7 ERMINE RISE: Plot and Title Map

7 ERMINE RISE sits on a plot of roughly 0.103 of an acre, or 416m². The below map shows the location of 7 ERMINE RISE, 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 7 ERMINE RISE). 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 7 ERMINE RISE?

7 ERMINE RISE is located in GREAT CASTERTON, in the PE9 postcode district. The below map shows the position of No. 7 on ERMINE RISE.