14, SOVEREIGN WAY, HEANOR, DE75 7SB - £217,000

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.

14 SOVEREIGN WAY is a very large detached house of 127m², built sometime between 1996 and 2002, which could now be worth an estimated £443,105. It was last sold for £217,000 in May 2009, which was around 30% above the average May 2009 detached price in the Amber Valley local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was C.

14 SOVEREIGN WAY Sold Prices

Land registry data shows two sales for 14 SOVEREIGN WAY 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 14 SOVEREIGN WAY 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
2009 22 MAY	£217,000	£166,449	30% above HPI
1998 15 MAY	£99,950	£66,197	51% above HPI

14 SOVEREIGN WAY 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 14 SOVEREIGN WAY sales from May 1998 and May 2009 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 May 1998 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the May 2009 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 14 SOVEREIGN WAY be worth now?

14 SOVEREIGN WAY might now be worth an estimated £443,105.

This is based on house price inflation of 104.2%, between May 2009 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 104.2% inflationary increase is applied to the most recent sale price for 14 SOVEREIGN WAY of £217,000 on 22nd May 2009. For the value to have increased from £217,000 to £443,105 over the sixteen years and three months to February 2025, the following assumptions must hold true:

• The value of 14 SOVEREIGN WAY has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The May 2009 sale price of £217,000 represented a fair market value for the property.
• The size, condition, and specification of 14 SOVEREIGN WAY has not materially changed since May 2009.

How Large is 14 SOVEREIGN WAY?

14 SOVEREIGN WAY is 127m² according to the EPC inspection conducted in October 2008. This puts it in the largest 20% of detached houses houses in Heanor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heanor, and where 14 SOVEREIGN WAY lies on this distribution: 82% of detached houses houses are smaller than 14 SOVEREIGN WAY, and 18% of houses are larger. Note that EPC data is not available for all properties in Heanor.

14 SOVEREIGN WAY: Plot and Title Map

14 SOVEREIGN WAY sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of 14 SOVEREIGN WAY, 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 14 SOVEREIGN WAY). 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 14 SOVEREIGN WAY?

14 SOVEREIGN WAY is located in HEANOR, in the DE75 postcode district. The below map shows the position of No. 14 on SOVEREIGN WAY.