10, FAIRES CLOSE, BORROWASH, DERBY, DE72 3XP - £375,000

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.

10 FAIRES CLOSE is a large detached house of 121m², built sometime between 1991 and 1995, which could now be worth an estimated £366,480. It was last sold for £375,000 in August 2023, which was around 15% above the average August 2023 detached price in the Erewash local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was C.

10 FAIRES CLOSE Sold Prices

Land registry data shows four sales for 10 FAIRES CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. All of the four 10 FAIRES 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
2023 11 AUG	£375,000	£326,419	15% above HPI
2017 17 NOV	£280,000	£235,044	19% above HPI
2006 25 AUG	£207,500	£185,097	12% above HPI
2003 23 APR	£178,000	£138,947	28% above HPI

10 FAIRES 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 four 10 FAIRES CLOSE sales between April 2003 and August 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 November 2017 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the August 2023 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 10 FAIRES CLOSE be worth now?

10 FAIRES CLOSE might now be worth an estimated £366,480.

This is based on house price deflation of 2.3%, between August 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 2.3% deflationary decrease is applied to the most recent sale price for 10 FAIRES CLOSE of £375,000 on 11th August 2023. For the value to have decreased from £375,000 to £366,480 over the two years and six months to February 2025, the following assumptions must hold true:

• The value of 10 FAIRES CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The August 2023 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 10 FAIRES CLOSE has not materially changed since August 2023.

How Large is 10 FAIRES CLOSE?

10 FAIRES CLOSE is 121m² according to the EPC inspection conducted in January 2023. This puts it in the largest 40% 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 10 FAIRES CLOSE lies on this distribution: 65% of detached houses houses are smaller than 10 FAIRES CLOSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

10 FAIRES CLOSE: Plot and Title Map

10 FAIRES CLOSE sits on a plot of roughly 0.065 of an acre, or 262m². The below map shows the location of 10 FAIRES 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 10 FAIRES 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 10 FAIRES CLOSE?

10 FAIRES CLOSE is located in BORROWASH, in the DE72 postcode district. The below map shows the position of No. 10 on FAIRES CLOSE.