1, SOVEREIGN WAY, HEANOR, DE75 7SB - £277,500

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 SOVEREIGN WAY is a very large extended detached house of 138m², built sometime between 1996 and 2002, which could now be worth an estimated £366,460. It was last sold for £277,500 in May 2020, which was around 8% above the average May 2020 detached price in the Amber Valley local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

1 SOVEREIGN WAY Sold Prices

Land registry data shows two sales for 1 SOVEREIGN WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. Both of the two 1 SOVEREIGN WAY 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 29 MAY	£277,500	£257,374	8% above HPI
1998 21 AUG	£96,000	£68,599	40% above HPI

1 SOVEREIGN WAY 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 two 1 SOVEREIGN WAY sales from August 1998 and May 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 August 1998 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the May 2020 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 1 SOVEREIGN WAY be worth now?

1 SOVEREIGN WAY might now be worth an estimated £366,460.

This is based on house price inflation of 32.1%, between May 2020 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 32.1% inflationary increase is applied to the most recent sale price for 1 SOVEREIGN WAY of £277,500 on 29th May 2020. For the value to have increased from £277,500 to £366,460 over the five years and three months to February 2025, the following assumptions must hold true:

• The value of 1 SOVEREIGN WAY has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The May 2020 sale price of £277,500 represented a fair market value for the property.
• The size, condition, and specification of 1 SOVEREIGN WAY has not materially changed since May 2020.

How Large is 1 SOVEREIGN WAY?

1 SOVEREIGN WAY is 138m², which includes two extensions, according to the EPC inspection conducted in February 2020. This puts it in the largest 20% of detached houses houses in Heanor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heanor, and where 1 SOVEREIGN WAY lies on this distribution: 87% of detached houses houses are smaller than 1 SOVEREIGN WAY, and 12% of houses are larger. Note that EPC data is not available for all properties in Heanor.

1 SOVEREIGN WAY: Plot and Title Map

1 SOVEREIGN WAY sits on a plot of roughly 0.089 of an acre, or 361m². The below map shows the location of 1 SOVEREIGN 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 SOVEREIGN 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 SOVEREIGN WAY?

1 SOVEREIGN WAY is located in HEANOR, in the DE75 postcode district. The below map shows the position of No. 1 on SOVEREIGN WAY.