1, MILL CLOSE, MIDWAY, SWADLINCOTE, DE11 7NU - £192,500

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 MILL CLOSE is a very small extended detached house of 80m², built sometime between 1950 and 1966, which could now be worth an estimated £249,439. It was last sold for £192,500 in June 2017, which was around 29% below the average June 2017 detached price in the South Derbyshire local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

1 MILL CLOSE Sold Prices

Land registry data shows three sales for 1 MILL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Derbyshire local authority area for the corresponding sale date. All of the three 1 MILL CLOSE 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
2017 13 JUN	£192,500	£272,279	29% below HPI
2007 2 OCT	£149,950	£239,199	37% below HPI
1995 24 FEB	£53,750	£68,692	22% below HPI

1 MILL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Derbyshire local authority area over time, sourced from the HPI. The three 1 MILL CLOSE sales between February 1995 and June 2017 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 October 2007 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the June 2017 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 1 MILL CLOSE be worth now?

1 MILL CLOSE might now be worth an estimated £249,439.

This is based on house price inflation of 29.6%, between June 2017 and February 2025, for detached houses, in the South Derbyshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 29.6% inflationary increase is applied to the most recent sale price for 1 MILL CLOSE of £192,500 on 13th June 2017. For the value to have increased from £192,500 to £249,439 over the eight years and four months to February 2025, the following assumptions must hold true:

• The value of 1 MILL CLOSE has moved in line with the HPI for detached houses in the South Derbyshire local authority area.
• The June 2017 sale price of £192,500 represented a fair market value for the property.
• The size, condition, and specification of 1 MILL CLOSE has not materially changed since June 2017.

How Large is 1 MILL CLOSE?

1 MILL CLOSE is 80m², which includes one extension, according to the EPC inspection conducted in November 2016. This puts it in the smallest 20% of detached houses houses in Swadlincote, based on EPC data. The below chart shows the distribution of detached houses houses by size in Swadlincote, and where 1 MILL CLOSE lies on this distribution: 19% of detached houses houses are smaller than 1 MILL CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Swadlincote.

1 MILL CLOSE: Plot and Title Map

1 MILL CLOSE sits on a plot of roughly 0.082 of an acre, or 333m². The below map shows the location of 1 MILL CLOSE, 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 MILL CLOSE). 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 MILL CLOSE?

1 MILL CLOSE is located in MIDWAY, in the DE11 postcode district. The below map shows the position of No. 1 on MILL CLOSE.