16, LACE MAKERS CLOSE, BORROWASH, DERBY, DE72 3WR - £335,000

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

16 LACE MAKERS CLOSE is a large detached house of 129m², built sometime from 2007 onwards. It was last sold for £335,000 in February 2020, which was around 40% above the average February 2020 detached price in the Erewash local authority area. The most recent EPC inspection was October 2019, where the current energy rating was C, and the potential energy rating was B.

16 LACE MAKERS CLOSE Sold Prices

Land registry data shows three sales for 16 LACE MAKERS CLOSE 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. All of the three 16 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
2020 18 FEB	£335,000	£239,668	40% above HPI
2011 18 NOV	£250,000	£169,082	48% above HPI
2008 29 FEB	£312,995	£187,980	67% above HPI

16 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 three 16 LACE MAKERS CLOSE sales between February 2008 and February 2020 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 November 2011 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the February 2020 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is 16 LACE MAKERS CLOSE?

16 LACE MAKERS CLOSE is 129m² according to the EPC inspection conducted in October 2019. This puts it in the largest 30% of detached houses in Borrowash, based on EPC data. The below chart shows the distribution of detached houses by size in Borrowash, and where 16 LACE MAKERS CLOSE lies on this distribution: 72% of detached houses are smaller than 16 LACE MAKERS CLOSE, and 27% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

16 LACE MAKERS CLOSE: Plot and Title Map

16 LACE MAKERS CLOSE sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 16 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 16 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 16 LACE MAKERS CLOSE?

16 LACE MAKERS CLOSE is located in BORROWASH, in the DE72 postcode district. The below map shows the position of No. 16 on LACE MAKERS CLOSE.