15, SOVEREIGN WAY, HEANOR, DE75 7SB - £146,500

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 SOVEREIGN WAY is a very small extended detached house of 74m², built sometime between 1996 and 2002, which could now be worth an estimated £277,877. It was last sold for £146,500 in April 2010, which was around 18% below the average April 2010 detached price in the Amber Valley local authority area. The most recent EPC inspection was December 2009, where the current energy rating was D, and the potential energy rating was C.

15 SOVEREIGN WAY Sold Prices

Land registry data shows four sales for 15 SOVEREIGN 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 SOVEREIGN 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
2010 23 APR	£146,500	£179,190	18% below HPI
2006 29 MAR	£145,950	£183,136	20% below HPI
2001 16 MAR	£75,500	£90,988	17% below HPI
1998 28 AUG	£59,000	£68,599	14% below HPI

15 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 four 15 SOVEREIGN WAY sales between August 1998 and April 2010 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 March 2006 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the April 2010 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 15 SOVEREIGN WAY be worth now?

15 SOVEREIGN WAY might now be worth an estimated £277,877.

This is based on house price inflation of 89.7%, between April 2010 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 89.7% inflationary increase is applied to the most recent sale price for 15 SOVEREIGN WAY of £146,500 on 23rd April 2010. For the value to have increased from £146,500 to £277,877 over the fifteen years and two months to February 2025, the following assumptions must hold true:

• The value of 15 SOVEREIGN WAY has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The April 2010 sale price of £146,500 represented a fair market value for the property.
• The size, condition, and specification of 15 SOVEREIGN WAY has not materially changed since April 2010.

How Large is 15 SOVEREIGN WAY?

15 SOVEREIGN WAY is 74m², which includes one extension, according to the EPC inspection conducted in December 2009. This puts it in the smallest 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 15 SOVEREIGN WAY lies on this distribution: 16% of detached houses houses are smaller than 15 SOVEREIGN WAY, and 84% of houses are larger. Note that EPC data is not available for all properties in Heanor.

15 SOVEREIGN WAY: Plot and Title Map

15 SOVEREIGN WAY sits on a plot of roughly 0.051 of an acre, or 206m². The below map shows the location of 15 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 15 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 15 SOVEREIGN WAY?

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