ERMECOTE, EXETER ROAD, IVYBRIDGE, PL21 0BD - £375,000

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.

ERMECOTE is a very large extended semi-detached house of 172m², built sometime before 1900, which could now be worth an estimated £406,071. It was last sold for £375,000 in December 2020, which was around 16% above the average December 2020 semi-detached price in the South Hams local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was C.

ERMECOTE Sold Prices

Land registry data shows four sales for ERMECOTE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the South Hams local authority area for the corresponding sale date. All of the four ERMECOTE 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
2020 10 DEC	£375,000	£324,216	16% above HPI
2006 21 APR	£290,000	£218,798	33% above HPI
1998 27 FEB	£116,000	£71,698	62% above HPI
1996 28 JUN	£96,500	£60,141	60% above HPI

ERMECOTE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Hams local authority area over time, sourced from the HPI. The four ERMECOTE sales between June 1996 and December 2020 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 April 2006 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the December 2020 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might ERMECOTE be worth now?

ERMECOTE might now be worth an estimated £406,071.

This is based on house price inflation of 8.3%, between December 2020 and May 2026, for semi-detached houses, in the South Hams local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.3% inflationary increase is applied to the most recent sale price for ERMECOTE of £375,000 on 10th December 2020. For the value to have increased from £375,000 to £406,071 over the six years and seven months to May 2026, the following assumptions must hold true:

• The value of ERMECOTE has moved in line with the HPI for semi-detached houses in the South Hams local authority area.
• The December 2020 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of ERMECOTE has not materially changed since December 2020.

How Large is ERMECOTE?

ERMECOTE is 172m², which includes two extensions, according to the EPC inspection conducted in February 2020. This puts it in the largest 10% of semi-detached houses houses in Ivybridge, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Ivybridge, and where ERMECOTE lies on this distribution: 94% of semi-detached houses houses are smaller than ERMECOTE, and 6% of houses are larger. Note that EPC data is not available for all properties in Ivybridge.

ERMECOTE: Plot and Title Map

ERMECOTE sits on a plot of roughly 0.106 of an acre, or 427m². The below map shows the location of ERMECOTE, 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 ERMECOTE). 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 ERMECOTE?

ERMECOTE is located on EXETER ROAD in IVYBRIDGE, in the PL21 postcode district. The below map shows the position of ERMECOTE on EXETER ROAD.