7, MERCER DRIVE, LINCOLN, LN1 1AG - £250,000

7 MERCER DRIVE is a very large detached house of 162m², built sometime between 2003 and 2006. It was last sold for £250,000 in August 2010, which was around 44% above the average August 2010 detached price in the Lincoln local authority area. The most recent EPC inspection was November 2009, where the current energy rating was C, and the potential energy rating was C.

7 MERCER DRIVE Sold Prices

Land registry data shows two sales for 7 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 7 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
2010 27 AUG	£250,000	£173,595	44% above HPI
2004 16 SEP	£249,995	£172,552	45% above HPI

7 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 7 MERCER DRIVE sales from September 2004 and August 2010 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 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the August 2010 sale, where it falls to 44% above the HPI. The line then continues to track at 44% above the HPI.

How Large is 7 MERCER DRIVE?

7 MERCER DRIVE is 162m² according to the EPC inspection conducted in November 2009. This puts it in the largest 10% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 7 MERCER DRIVE lies on this distribution: 90% of detached houses are smaller than 7 MERCER DRIVE, and 10% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

7 MERCER DRIVE: Plot and Title Map

7 MERCER DRIVE sits on a plot of roughly 0.092 of an acre, or 373m². The below map shows the location of 7 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 7 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 7 MERCER DRIVE?

7 MERCER DRIVE is located in LINCOLN, in the LN1 postcode district. The below map shows the position of No. 7 on MERCER DRIVE.