31, MERCIA DRIVE, ANCASTER, GRANTHAM, NG32 3QQ - £195,000

31 MERCIA DRIVE is a very small detached house of 75m², built sometime between 1976 and 1982. It was last sold for £195,000 in September 2015, which was around 22% below the average September 2015 detached price in the South Kesteven local authority area. The most recent EPC inspection was October 2021, where the current energy rating was E, and the potential energy rating was C.

31 MERCIA DRIVE Sold Prices

Land registry data shows two sales for 31 MERCIA 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 South Kesteven local authority area for the corresponding sale date. Both of the two 31 MERCIA 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
2015 23 SEP	£195,000	£251,056	22% below HPI
1999 7 MAY	£58,500	£89,660	35% below HPI

31 MERCIA DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two 31 MERCIA DRIVE sales from May 1999 and September 2015 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 May 1999 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the September 2015 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 31 MERCIA DRIVE?

31 MERCIA DRIVE is 75m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 20% of detached houses in Ancaster, based on EPC data. The below chart shows the distribution of detached houses by size in Ancaster, and where 31 MERCIA DRIVE lies on this distribution: 13% of detached houses are smaller than 31 MERCIA DRIVE, and 85% of houses are larger. Note that EPC data is not available for all properties in Ancaster.

31 MERCIA DRIVE: Plot and Title Map

31 MERCIA DRIVE sits on a plot of roughly 0.162 of an acre, or 654m². The below map shows the location of 31 MERCIA 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 31 MERCIA 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 31 MERCIA DRIVE?

31 MERCIA DRIVE is located in ANCASTER, in the NG32 postcode district. The below map shows the position of No. 31 on MERCIA DRIVE.