15, MONARCH WAY, HEANOR, DE75 7SZ - £251,000

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.

15 MONARCH WAY is a small detached house of 81m², built sometime between 1996 and 2002, which could now be worth an estimated £276,462. It was last sold for £251,000 in May 2024, which was around 19% below the average May 2024 detached price in the Amber Valley local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was B.

15 MONARCH WAY Sold Prices

Land registry data shows four sales for 15 MONARCH WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. All of the four 15 MONARCH WAY 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
2024 23 MAY	£251,000	£308,579	19% below HPI
2017 21 AUG	£178,000	£230,039	23% below HPI
2003 14 AUG	£125,000	£146,292	15% below HPI
1999 7 MAY	£66,500	£71,401	7% below HPI

15 MONARCH 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 four 15 MONARCH WAY sales between May 1999 and May 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 August 2017 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the May 2024 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 15 MONARCH WAY be worth now?

15 MONARCH WAY might now be worth an estimated £276,462.

This is based on house price inflation of 10.1%, between May 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 10.1% inflationary increase is applied to the most recent sale price for 15 MONARCH WAY of £251,000 on 23rd May 2024. For the value to have increased from £251,000 to £276,462 over the one year and three months to February 2025, the following assumptions must hold true:

• The value of 15 MONARCH WAY has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The May 2024 sale price of £251,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MONARCH WAY has not materially changed since May 2024.

How Large is 15 MONARCH WAY?

15 MONARCH WAY is 81m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 30% 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 15 MONARCH WAY lies on this distribution: 24% of detached houses houses are smaller than 15 MONARCH WAY, and 75% of houses are larger. Note that EPC data is not available for all properties in Heanor.

15 MONARCH WAY: Plot and Title Map

15 MONARCH WAY sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 15 MONARCH 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 15 MONARCH 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 15 MONARCH WAY?

15 MONARCH WAY is located in HEANOR, in the DE75 postcode district. The below map shows the position of No. 15 on MONARCH WAY.