15, PARES WAY, OCKBROOK, DERBY, DE72 3TJ - £257,500

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 PARES WAY is a small extended detached house of 87m², built sometime between 1967 and 1975. It was last sold for £257,500 in February 2023, which was around 19% below the average February 2023 detached price in the Erewash local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was B.

15 PARES WAY Sold Prices

Land registry data shows three sales for 15 PARES WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. Two of the three 15 PARES WAY sales were for below the average price, whilst one was 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
2023 15 FEB	£257,500	£316,100	19% below HPI
2002 7 OCT	£133,000	£121,095	10% above HPI
1999 19 NOV	£64,000	£73,366	13% below HPI

15 PARES WAY 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 three 15 PARES WAY sales between November 1999 and February 2023 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 October 2002 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the February 2023 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 15 PARES WAY?

15 PARES WAY is 87m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the smallest 40% of detached houses in Ockbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Ockbrook, and where 15 PARES WAY lies on this distribution: 33% of detached houses are smaller than 15 PARES WAY, and 67% of houses are larger. Note that EPC data is not available for all properties in Ockbrook.

15 PARES WAY: Plot and Title Map

15 PARES WAY sits on a plot of roughly 0.059 of an acre, or 240m². The below map shows the location of 15 PARES 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 PARES 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 PARES WAY?

15 PARES WAY is located in OCKBROOK, in the DE72 postcode district. The below map shows the position of No. 15 on PARES WAY.