8, MERCER DRIVE, LINCOLN, LN1 1AG - £185,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 MERCER DRIVE is a very small terraced house of 74m², built sometime between 2003 and 2006, which could now be worth an estimated £204,178. It was last sold for £185,000 in September 2021, which was around 29% above the average September 2021 terraced price in the Lincoln local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was B.

8 MERCER DRIVE Sold Prices

Land registry data shows four sales for 8 MERCER DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Lincoln local authority area for the corresponding sale date. All of the four 8 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
2021 29 SEP	£185,000	£143,753	29% above HPI
2007 14 DEC	£137,000	£105,102	30% above HPI
2004 8 APR	£119,500	£80,554	48% above HPI
2003 23 DEC	£99,950	£73,903	35% above HPI

8 MERCER DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Lincoln local authority area over time, sourced from the HPI. The four 8 MERCER DRIVE sales between December 2003 and September 2021 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 December 2007 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the September 2021 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 8 MERCER DRIVE be worth now?

8 MERCER DRIVE might now be worth an estimated £204,178.

This is based on house price inflation of 10.4%, between September 2021 and June 2025, for terraced houses, in the Lincoln local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.4% inflationary increase is applied to the most recent sale price for 8 MERCER DRIVE of £185,000 on 29th September 2021. For the value to have increased from £185,000 to £204,178 over the four years and three months to June 2025, the following assumptions must hold true:

• The value of 8 MERCER DRIVE has moved in line with the HPI for terraced houses in the Lincoln local authority area.
• The September 2021 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MERCER DRIVE has not materially changed since September 2021.

How Large is 8 MERCER DRIVE?

8 MERCER DRIVE is 74m² according to the EPC inspection conducted in November 2020. This puts it in the smallest 20% of terraced houses houses in Lincoln, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Lincoln, and where 8 MERCER DRIVE lies on this distribution: 18% of terraced houses houses are smaller than 8 MERCER DRIVE, and 81% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

8 MERCER DRIVE: Plot and Title Map

8 MERCER DRIVE sits on a plot of roughly 0.030 of an acre, or 121m². The below map shows the location of 8 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 8 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 8 MERCER DRIVE?

8 MERCER DRIVE is located in LINCOLN, in the LN1 postcode district. The below map shows the position of No. 8 on MERCER DRIVE.