12, ERICA DRIVE, SOUTH NORMANTON, ALFRETON, DE55 2ET - £165,000

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.

12 ERICA DRIVE is a small detached house of 79m², built sometime between 1976 and 1982, which could now be worth an estimated £242,270. It was last sold for £165,000 in October 2018, which was around 8% below the average October 2018 detached price in the Bolsover local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was B.

12 ERICA DRIVE Sold Prices

Land registry data shows four sales for 12 ERICA DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Bolsover local authority area for the corresponding sale date. Most of the four 12 ERICA DRIVE 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
2018 5 OCT	£165,000	£179,020	8% below HPI
2016 8 JUL	£125,000	£158,087	21% below HPI
2005 16 DEC	£140,000	£142,287	2% below HPI
2003 4 FEB	£93,500	£87,086	7% above HPI

12 ERICA DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bolsover local authority area over time, sourced from the HPI. The four 12 ERICA DRIVE sales between February 2003 and October 2018 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 July 2016 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the October 2018 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 12 ERICA DRIVE be worth now?

12 ERICA DRIVE might now be worth an estimated £242,270.

This is based on house price inflation of 46.8%, between October 2018 and March 2025, for detached houses, in the Bolsover local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 46.8% inflationary increase is applied to the most recent sale price for 12 ERICA DRIVE of £165,000 on 5th October 2018. For the value to have increased from £165,000 to £242,270 over the seven years and seven months to March 2025, the following assumptions must hold true:

• The value of 12 ERICA DRIVE has moved in line with the HPI for detached houses in the Bolsover local authority area.
• The October 2018 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 12 ERICA DRIVE has not materially changed since October 2018.

How Large is 12 ERICA DRIVE?

12 ERICA DRIVE is 79m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 30% of detached houses houses in South Normanton, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Normanton, and where 12 ERICA DRIVE lies on this distribution: 21% of detached houses houses are smaller than 12 ERICA DRIVE, and 77% of houses are larger. Note that EPC data is not available for all properties in South Normanton.

12 ERICA DRIVE: Plot and Title Map

12 ERICA DRIVE sits on a plot of roughly 0.102 of an acre, or 413m². The below map shows the location of 12 ERICA DRIVE, 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 12 ERICA DRIVE). 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 12 ERICA DRIVE?

12 ERICA DRIVE is located in SOUTH NORMANTON, in the DE55 postcode district. The below map shows the position of No. 12 on ERICA DRIVE.