12, PARGATE CLOSE, MAREHAY, RIPLEY, DE5 8JU - £285,000

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 PARGATE CLOSE is a midsized detached house of 93m², built sometime between 1996 and 2002, which could now be worth an estimated £290,824. It was last sold for £285,000 in December 2024, which was around 14% below the average December 2024 detached price in the Amber Valley local authority area. The most recent EPC inspection was March 2024, where the current energy rating was C, and the potential energy rating was B.

12 PARGATE CLOSE Sold Prices

Land registry data shows two sales for 12 PARGATE 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 Amber Valley local authority area for the corresponding sale date. One of the two 12 PARGATE CLOSE sales was for below the average price, whilst the other was 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
2024 16 DEC	£285,000	£333,076	14% below HPI
2000 21 JUL	£92,950	£81,020	15% above HPI

12 PARGATE CLOSE 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 12 PARGATE CLOSE sales from July 2000 and December 2024 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 2000 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the December 2024 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 12 PARGATE CLOSE be worth now?

12 PARGATE CLOSE might now be worth an estimated £290,824.

This is based on house price inflation of 2%, between December 2024 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 2% inflationary increase is applied to the most recent sale price for 12 PARGATE CLOSE of £285,000 on 16th December 2024. For the value to have increased from £285,000 to £290,824 over the one year and ten months to February 2025, the following assumptions must hold true:

• The value of 12 PARGATE CLOSE has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The December 2024 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 12 PARGATE CLOSE has not materially changed since December 2024.

How Large is 12 PARGATE CLOSE?

12 PARGATE CLOSE is 93m² according to the EPC inspection conducted in March 2024. This puts it in the smallest 50% of detached houses houses in Ripley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ripley, and where 12 PARGATE CLOSE lies on this distribution: 41% of detached houses houses are smaller than 12 PARGATE CLOSE, and 56% of houses are larger. Note that EPC data is not available for all properties in Ripley.

12 PARGATE CLOSE: Plot and Title Map

12 PARGATE CLOSE sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of 12 PARGATE 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 12 PARGATE 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 12 PARGATE CLOSE?

12 PARGATE CLOSE is located in MAREHAY, in the DE5 postcode district. The below map shows the position of No. 12 on PARGATE CLOSE.