ERME VIEW, SCHOOL ROAD, ERMINGTON, IVYBRIDGE, PL21 9NH - £380,000

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

ERME VIEW is a midsized extended detached house of 126m², built sometime between 1930 and 1949. It was last sold for £380,000 in January 2021, which was around 24% below the average January 2021 detached price in the South Hams local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was C.

ERME VIEW Sold Prices

Land registry data shows three sales for ERME VIEW 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. All of the three ERME VIEW 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
2021 29 JAN	£380,000	£502,437	24% below HPI
2004 23 JAN	£170,000	£283,440	40% below HPI
2003 8 APR	£125,000	£262,229	52% below HPI

ERME VIEW 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 ERME VIEW sales between April 2003 and January 2021 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 2004 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the January 2021 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is ERME VIEW?

ERME VIEW is 126m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the largest 40% of detached houses in Ermington, based on EPC data. The below chart shows the distribution of detached houses by size in Ermington, and where ERME VIEW lies on this distribution: 59% of detached houses are smaller than ERME VIEW, and 38% of houses are larger. Note that EPC data is not available for all properties in Ermington.

ERME VIEW: Plot and Title Map

ERME VIEW sits on a plot of roughly 0.093 of an acre, or 377m². The below map shows the location of ERME VIEW, 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 ERME VIEW). 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 ERME VIEW?

ERME VIEW is located on SCHOOL ROAD in ERMINGTON, in the PL21 postcode district. The below map shows the position of ERME VIEW on SCHOOL ROAD.