15, LACE MAKERS CLOSE, BORROWASH, DERBY, DE72 3WQ - £260,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

15 LACE MAKERS CLOSE is a small detached house of 91m², built sometime between 2003 and 2006. It was last sold for £260,000 in May 2019, which was around 10% above the average May 2019 detached price in the Erewash local authority area. The most recent EPC inspection was May 2018, where the current energy rating was C, and the potential energy rating was B.

15 LACE MAKERS CLOSE Sold Prices

Land registry data shows two sales for 15 LACE MAKERS 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 Erewash local authority area for the corresponding sale date. Both of the two 15 LACE MAKERS 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 28 MAY	£260,000	£236,962	10% above HPI
2007 28 SEP	£219,995	£191,335	15% above HPI

15 LACE MAKERS 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 two 15 LACE MAKERS CLOSE sales from September 2007 and May 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 September 2007 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the May 2019 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 15 LACE MAKERS CLOSE?

15 LACE MAKERS CLOSE is 91m² according to the EPC inspection conducted in May 2018. 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 LACE MAKERS CLOSE lies on this distribution: 36% of detached houses are smaller than 15 LACE MAKERS CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

15 LACE MAKERS CLOSE: Plot and Title Map

15 LACE MAKERS CLOSE sits on a plot of roughly 0.082 of an acre, or 332m². The below map shows the location of 15 LACE MAKERS 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 LACE MAKERS 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 LACE MAKERS CLOSE?

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