1, TOWLE CLOSE, BORROWASH, DERBY, DE72 3FJ - £177,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 TOWLE CLOSE is a midsized detached house of 108m², built sometime between 1976 and 1982, which could now be worth an estimated £330,982. It was last sold for £177,000 in April 2012, which was around 3% above the average April 2012 detached price in the Erewash local authority area. The most recent EPC inspection was September 2011, where the current energy rating was E, and the potential energy rating was C.

1 TOWLE CLOSE Sold Prices

Land registry data shows two sales for 1 TOWLE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. Both of the two 1 TOWLE CLOSE 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
2012 4 APR	£177,000	£172,443	3% above HPI
2005 30 NOV	£184,000	£178,673	3% above HPI

1 TOWLE CLOSE 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 two 1 TOWLE CLOSE sales from November 2005 and April 2012 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 November 2005 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the April 2012 sale, which was also at 3% above the HPI.

What might 1 TOWLE CLOSE be worth now?

1 TOWLE CLOSE might now be worth an estimated £330,982.

This is based on house price inflation of 87%, between April 2012 and December 2024, 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 87% inflationary increase is applied to the most recent sale price for 1 TOWLE CLOSE of £177,000 on 4th April 2012. For the value to have increased from £177,000 to £330,982 over the eleven years and four months to December 2024, the following assumptions must hold true:

• The value of 1 TOWLE CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The April 2012 sale price of £177,000 represented a fair market value for the property.
• The size, condition, and specification of 1 TOWLE CLOSE has not materially changed since April 2012.

How Large is 1 TOWLE CLOSE?

1 TOWLE CLOSE is 108m² according to the EPC inspection conducted in September 2011. This puts it in the largest 50% of detached houses houses in Borrowash, based on EPC data. The below chart shows the distribution of detached houses houses by size in Borrowash, and where 1 TOWLE CLOSE lies on this distribution: 53% of detached houses houses are smaller than 1 TOWLE CLOSE, and 47% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

1 TOWLE CLOSE: Plot and Title Map

1 TOWLE CLOSE sits on a plot of roughly 0.058 of an acre, or 233m². The below map shows the location of 1 TOWLE 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 TOWLE 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 TOWLE CLOSE?

1 TOWLE CLOSE is located in BORROWASH, in the DE72 postcode district. The below map shows the position of No. 1 on TOWLE CLOSE.