1, PARES WAY, OCKBROOK, DERBY, DE72 3TJ - £400,000

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.

1 PARES WAY is a large extended detached house of 120m², built sometime between 1967 and 1975, which could now be worth an estimated £405,491. It was last sold for £400,000 in November 2023, which was around 27% above the average November 2023 detached price in the Erewash local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

1 PARES WAY Sold Prices

Land registry data shows three sales for 1 PARES WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. Two of the three 1 PARES WAY sales were for above the average price, whilst one was 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 13 NOV	£400,000	£314,683	27% above HPI
2022 17 JUN	£385,000	£311,739	24% above HPI
2016 27 OCT	£155,000	£220,545	30% below HPI

1 PARES WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Erewash local authority area over time, sourced from the HPI. The three 1 PARES WAY sales between October 2016 and November 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 June 2022 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the November 2023 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 1 PARES WAY be worth now?

1 PARES WAY might now be worth an estimated £405,491.

This is based on house price inflation of 1.4%, between November 2023 and February 2025, for detached houses, in the Erewash local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.4% inflationary increase is applied to the most recent sale price for 1 PARES WAY of £400,000 on 13th November 2023. For the value to have increased from £400,000 to £405,491 over the two years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 PARES WAY has moved in line with the HPI for detached houses in the Erewash local authority area.
• The November 2023 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PARES WAY has not materially changed since November 2023.

How Large is 1 PARES WAY?

1 PARES WAY is 120m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the largest 40% of detached houses houses in Ockbrook, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ockbrook, and where 1 PARES WAY lies on this distribution: 67% of detached houses houses are smaller than 1 PARES WAY, and 33% of houses are larger. Note that EPC data is not available for all properties in Ockbrook.

1 PARES WAY: Plot and Title Map

1 PARES WAY sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 1 PARES WAY, 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 PARES WAY). 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 PARES WAY?

1 PARES WAY is located in OCKBROOK, in the DE72 postcode district. The below map shows the position of No. 1 on PARES WAY.