129, WARMWELLS LANE, MAREHAY, RIPLEY, DE5 8JE - £240,000

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.

129 WARMWELLS LANE is a very small detached house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £304,804. It was last sold for £240,000 in November 2020, which was around 10% below the average November 2020 detached price in the Amber Valley local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

129 WARMWELLS LANE Sold Prices

Land registry data shows two sales for 129 WARMWELLS LANE 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. Both of the two 129 WARMWELLS LANE 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
2020 27 NOV	£240,000	£267,620	10% below HPI
2018 13 MAR	£160,000	£235,740	32% below HPI

129 WARMWELLS LANE 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 129 WARMWELLS LANE sales from March 2018 and November 2020 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 March 2018 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the November 2020 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 129 WARMWELLS LANE be worth now?

129 WARMWELLS LANE might now be worth an estimated £304,804.

This is based on house price inflation of 27%, between November 2020 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 27% inflationary increase is applied to the most recent sale price for 129 WARMWELLS LANE of £240,000 on 27th November 2020. For the value to have increased from £240,000 to £304,804 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 129 WARMWELLS LANE has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The November 2020 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 129 WARMWELLS LANE has not materially changed since November 2020.

How Large is 129 WARMWELLS LANE?

129 WARMWELLS LANE is 74m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 20% 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 129 WARMWELLS LANE lies on this distribution: 17% of detached houses houses are smaller than 129 WARMWELLS LANE, and 82% of houses are larger. Note that EPC data is not available for all properties in Ripley.

129 WARMWELLS LANE: Plot and Title Map

129 WARMWELLS LANE sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of 129 WARMWELLS LANE, 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 129 WARMWELLS LANE). 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 129 WARMWELLS LANE?

129 WARMWELLS LANE is located in MAREHAY, in the DE5 postcode district. The below map shows the position of No. 129 on WARMWELLS LANE.