56, MERCER DRIVE, LINCOLN, LN1 1AG - £375,000

56 MERCER DRIVE is a very large detached house of 155m², built sometime between 2003 and 2006. It was last sold for £375,000 in January 2023, which was around 26% above the average January 2023 detached price in the Lincoln local authority area. The most recent EPC inspection was February 2016, where the current energy rating was C, and the potential energy rating was B.

56 MERCER DRIVE Sold Prices

Land registry data shows three sales for 56 MERCER 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 Lincoln local authority area for the corresponding sale date. All of the three 56 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
2023 27 JAN	£375,000	£296,482	26% above HPI
2016 31 MAR	£250,000	£220,314	13% above HPI
2006 22 NOV	£199,995	£185,647	8% above HPI

56 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 three 56 MERCER DRIVE sales between November 2006 and January 2023 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 March 2016 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the January 2023 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is 56 MERCER DRIVE?

56 MERCER DRIVE is 155m² according to the EPC inspection conducted in February 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 56 MERCER DRIVE lies on this distribution: 88% of detached houses are smaller than 56 MERCER DRIVE, and 12% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

56 MERCER DRIVE: Plot and Title Map

56 MERCER DRIVE sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 56 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 56 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 56 MERCER DRIVE?

56 MERCER DRIVE is located in LINCOLN, in the LN1 postcode district. The below map shows the position of No. 56 on MERCER DRIVE.