38, MERCER DRIVE, LINCOLN, LN1 1AG - £310,000

38 MERCER DRIVE is a very large detached house of 145m², built sometime from 2007 onwards. It was last sold for £310,000 in August 2016, which was around 39% above the average August 2016 detached price in the Lincoln local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was B.

38 MERCER DRIVE Sold Prices

Land registry data shows two sales for 38 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 38 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
2016 18 AUG	£310,000	£223,048	39% above HPI
2007 25 JUL	£259,995	£194,651	34% above HPI

38 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 38 MERCER DRIVE sales from July 2007 and August 2016 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 July 2007 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the August 2016 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

How Large is 38 MERCER DRIVE?

38 MERCER DRIVE is 145m² according to the EPC inspection conducted in May 2016. This puts it in the largest 20% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 38 MERCER DRIVE lies on this distribution: 84% of detached houses are smaller than 38 MERCER DRIVE, and 16% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

38 MERCER DRIVE: Plot and Title Map

38 MERCER DRIVE sits on a plot of roughly 0.100 of an acre, or 404m². The below map shows the location of 38 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 38 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 38 MERCER DRIVE?

38 MERCER DRIVE is located in LINCOLN, in the LN1 postcode district. The below map shows the position of No. 38 on MERCER DRIVE.