10, MEADOW CLOSE, DRAYCOTT, DERBY, DE72 3QR - £225,000

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 MEADOW CLOSE is a very small detached house of 70m², built sometime between 1983 and 1990, which could now be worth an estimated £256,514. It was last sold for £225,000 in June 2021, which was around 20% below the average June 2021 detached price in the Erewash local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was B.

10 MEADOW CLOSE Sold Prices

Land registry data shows two sales for 10 MEADOW 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 10 MEADOW 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
2021 29 JUN	£225,000	£279,812	20% below HPI
1996 5 DEC	£54,950	£63,857	14% below HPI

10 MEADOW 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 10 MEADOW CLOSE sales from December 1996 and June 2021 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 December 1996 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the June 2021 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 10 MEADOW CLOSE be worth now?

10 MEADOW CLOSE might now be worth an estimated £256,514.

This is based on house price inflation of 14%, between June 2021 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 14% inflationary increase is applied to the most recent sale price for 10 MEADOW CLOSE of £225,000 on 29th June 2021. For the value to have increased from £225,000 to £256,514 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 10 MEADOW CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The June 2021 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 10 MEADOW CLOSE has not materially changed since June 2021.

How Large is 10 MEADOW CLOSE?

10 MEADOW CLOSE is 70m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 10% of detached houses houses in Draycott, based on EPC data. The below chart shows the distribution of detached houses houses by size in Draycott, and where 10 MEADOW CLOSE lies on this distribution: 8% of detached houses houses are smaller than 10 MEADOW CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Draycott.

10 MEADOW CLOSE: Plot and Title Map

10 MEADOW CLOSE sits on a plot of roughly 0.048 of an acre, or 196m². The below map shows the location of 10 MEADOW 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 MEADOW 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 MEADOW CLOSE?

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