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

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

7 ERMINE RISE is a small detached house of 113m², built sometime between 1983 and 1990. It was last sold for £405,000 in July 2022, which was around 19% 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	£498,734	19% below HPI
2019 11 JUL	£319,000	£411,995	23% below HPI
2018 7 FEB	£316,000	£401,403	21% 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 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the July 2022 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

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 in Great Casterton, based on EPC data. The below chart shows the distribution of detached houses by size in Great Casterton, and where 7 ERMINE RISE lies on this distribution: 28% of detached houses are smaller than 7 ERMINE RISE, and 70% 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.