1, FOUNDRY LANE, MILFORD, BELPER, DE56 0RN - £322,500

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.

1 FOUNDRY LANE is a small detached house of 90m², built sometime before 1900, which could now be worth an estimated £347,520. It was last sold for £322,500 in October 2023, which was around 2% above the average October 2023 detached price in the Amber Valley local authority area. The most recent EPC inspection was January 2017, where the current energy rating was D, and the potential energy rating was B.

1 FOUNDRY LANE Sold Prices

Land registry data shows four sales for 1 FOUNDRY LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. Most of the four 1 FOUNDRY LANE sales were for below 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 OCT	£322,500	£315,412	2% above HPI
2017 15 MAY	£210,000	£229,476	8% below HPI
2012 2 NOV	£170,000	£184,126	8% below HPI
2005 8 JUL	£125,250	£183,651	32% below HPI

1 FOUNDRY LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Amber Valley local authority area over time, sourced from the HPI. The four 1 FOUNDRY LANE sales between July 2005 and October 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 May 2017 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the October 2023 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 1 FOUNDRY LANE be worth now?

1 FOUNDRY LANE might now be worth an estimated £347,520.

This is based on house price inflation of 7.8%, between October 2023 and February 2025, for detached houses, in the Amber Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.8% inflationary increase is applied to the most recent sale price for 1 FOUNDRY LANE of £322,500 on 27th October 2023. For the value to have increased from £322,500 to £347,520 over the two years and eight months to February 2025, the following assumptions must hold true:

• The value of 1 FOUNDRY LANE has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The October 2023 sale price of £322,500 represented a fair market value for the property.
• The size, condition, and specification of 1 FOUNDRY LANE has not materially changed since October 2023.

How Large is 1 FOUNDRY LANE?

1 FOUNDRY LANE is 90m² according to the EPC inspection conducted in January 2017. This puts it in the smallest 30% of detached houses houses in Milford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Milford, and where 1 FOUNDRY LANE lies on this distribution: 26% of detached houses houses are smaller than 1 FOUNDRY LANE, and 74% of houses are larger. Note that EPC data is not available for all properties in Milford.

1 FOUNDRY LANE: Plot and Title Map

1 FOUNDRY LANE sits on a plot of roughly 0.071 of an acre, or 289m². The below map shows the location of 1 FOUNDRY LANE, 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 1 FOUNDRY LANE). 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 1 FOUNDRY LANE?

1 FOUNDRY LANE is located in MILFORD, in the DE56 postcode district. The below map shows the position of No. 1 on FOUNDRY LANE.