3, MERCER DRIVE, LINCOLN, LN1 1AG - £273,500

3 MERCER DRIVE is a large extended detached house of 130m², built sometime between 2003 and 2006. It was last sold for £273,500 in April 2019, which was around 7% above the average April 2019 detached price in the Lincoln local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was B.

3 MERCER DRIVE Sold Prices

Land registry data shows two sales for 3 MERCER DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. Both of the two 3 MERCER DRIVE 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
2019 23 APR	£273,500	£255,076	7% above HPI
2004 24 SEP	£179,995	£172,552	4% above HPI

3 MERCER DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lincoln local authority area over time, sourced from the HPI. The two 3 MERCER DRIVE sales from September 2004 and April 2019 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 September 2004 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the April 2019 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 3 MERCER DRIVE?

3 MERCER DRIVE is 130m², which includes one extension, according to the EPC inspection conducted in February 2019. This puts it in the largest 30% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 3 MERCER DRIVE lies on this distribution: 77% of detached houses are smaller than 3 MERCER DRIVE, and 22% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

3 MERCER DRIVE: Plot and Title Map

3 MERCER DRIVE sits on a plot of roughly 0.068 of an acre, or 276m². The below map shows the location of 3 MERCER 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 3 MERCER 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 3 MERCER DRIVE?

3 MERCER DRIVE is located in LINCOLN, in the LN1 postcode district. The below map shows the position of No. 3 on MERCER DRIVE.