15, FAIRES CLOSE, BORROWASH, DERBY, DE72 3XP - £255,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

15 FAIRES CLOSE is a small extended detached house of 90m², built sometime between 1991 and 1995. It was last sold for £255,000 in December 2019, which was around 7% above the average December 2019 detached price in the Erewash local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was C.

15 FAIRES CLOSE Sold Prices

Land registry data shows four sales for 15 FAIRES CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. Most of the four 15 FAIRES CLOSE 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
2019 11 DEC	£255,000	£237,754	7% above HPI
2000 21 JAN	£90,000	£70,175	28% above HPI
1996 31 MAY	£59,950	£60,299	1% below HPI
1995 8 SEP	£75,000	£60,692	24% above HPI

15 FAIRES 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 four 15 FAIRES CLOSE sales between September 1995 and December 2019 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 January 2000 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the December 2019 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 15 FAIRES CLOSE?

15 FAIRES CLOSE is 90m², which includes two extensions, according to the EPC inspection conducted in May 2019. This puts it in the smallest 40% of detached houses in Borrowash, based on EPC data. The below chart shows the distribution of detached houses by size in Borrowash, and where 15 FAIRES CLOSE lies on this distribution: 34% of detached houses are smaller than 15 FAIRES CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

15 FAIRES CLOSE: Plot and Title Map

15 FAIRES CLOSE sits on a plot of roughly 0.060 of an acre, or 245m². The below map shows the location of 15 FAIRES 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 15 FAIRES 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 15 FAIRES CLOSE?

15 FAIRES CLOSE is located in BORROWASH, in the DE72 postcode district. The below map shows the position of No. 15 on FAIRES CLOSE.