9, ERME PARK, ERMINGTON, IVYBRIDGE, PL21 9LY - £625,000

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

9 ERME PARK is a very large detached house of 172m², built sometime between 1950 and 1966. It was last sold for £625,000 in September 2022, which was around 5% above the average September 2022 detached price in the South Hams local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was C.

9 ERME PARK Sold Prices

Land registry data shows two sales for 9 ERME PARK 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 Hams local authority area for the corresponding sale date. Both of the two 9 ERME PARK sales were 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
2022 23 SEP	£625,000	£594,589	5% above HPI
1996 15 MAR	£120,000	£99,389	21% above HPI

9 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 two 9 ERME PARK sales from March 1996 and September 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 March 1996 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the September 2022 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is 9 ERME PARK?

9 ERME PARK is 172m² according to the EPC inspection conducted in January 2022. This puts it in the largest 10% of detached houses in Ermington, based on EPC data. The below chart shows the distribution of detached houses by size in Ermington, and where 9 ERME PARK lies on this distribution: 97% of detached houses are smaller than 9 ERME PARK, and 3% of houses are larger. Note that EPC data is not available for all properties in Ermington.

9 ERME PARK: Plot and Title Map

9 ERME PARK sits on a plot of roughly 0.344 of an acre, or 1,391m². The below map shows the location of 9 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 9 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 9 ERME PARK?

9 ERME PARK is located in ERMINGTON, in the PL21 postcode district. The below map shows the position of No. 9 on ERME PARK.