2, ERME DRIVE, IVYBRIDGE, PL21 9BN - £295,000

2 ERME DRIVE is a very small extended detached house of 72m², built sometime between 1967 and 1975. It was last sold for £295,000 in December 2022, which was around 50% below the average December 2022 detached price in the South Hams local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was B.

2 ERME DRIVE Sold Prices

Land registry data shows three sales for 2 ERME DRIVE 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 2 ERME DRIVE 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 2 DEC	£295,000	£595,150	50% below HPI
2017 5 OCT	£237,000	£434,555	45% below HPI
1999 10 DEC	£94,000	£149,511	37% below HPI

2 ERME DRIVE 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 2 ERME DRIVE sales between December 1999 and December 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 October 2017 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the December 2022 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 2 ERME DRIVE?

2 ERME DRIVE is 72m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the smallest 10% of detached houses in Ivybridge, based on EPC data. The below chart shows the distribution of detached houses by size in Ivybridge, and where 2 ERME DRIVE lies on this distribution: 4% of detached houses are smaller than 2 ERME DRIVE, and 96% of houses are larger. Note that EPC data is not available for all properties in Ivybridge.

2 ERME DRIVE: Plot and Title Map

2 ERME DRIVE sits on a plot of roughly 0.108 of an acre, or 435m². The below map shows the location of 2 ERME DRIVE, 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 2 ERME DRIVE). 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 2 ERME DRIVE?

2 ERME DRIVE is located in IVYBRIDGE, in the PL21 postcode district. The below map shows the position of No. 2 on ERME DRIVE.