16, MONARCH WAY, HEANOR, DE75 7SZ - £245,000

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.

16 MONARCH WAY is a large detached house of 110m², built sometime between 1996 and 2002, which could now be worth an estimated £276,264. It was last sold for £245,000 in February 2022, which was around 19% below the average February 2022 detached price in the Amber Valley local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

16 MONARCH WAY Sold Prices

Land registry data shows two sales for 16 MONARCH WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. Both of the two 16 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
2022 9 FEB	£245,000	£301,418	19% below HPI
1999 18 NOV	£67,500	£77,169	13% below HPI

16 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 two 16 MONARCH WAY sales from November 1999 and February 2022 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 1999 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the February 2022 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 16 MONARCH WAY be worth now?

16 MONARCH WAY might now be worth an estimated £276,264.

This is based on house price inflation of 12.8%, between February 2022 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 12.8% inflationary increase is applied to the most recent sale price for 16 MONARCH WAY of £245,000 on 9th February 2022. For the value to have increased from £245,000 to £276,264 over the three years to February 2025, the following assumptions must hold true:

• The value of 16 MONARCH WAY has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The February 2022 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MONARCH WAY has not materially changed since February 2022.

How Large is 16 MONARCH WAY?

16 MONARCH WAY is 110m² according to the EPC inspection conducted in May 2012. This puts it in the largest 40% 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 16 MONARCH WAY lies on this distribution: 62% of detached houses houses are smaller than 16 MONARCH WAY, and 37% of houses are larger. Note that EPC data is not available for all properties in Heanor.

16 MONARCH WAY: Plot and Title Map

16 MONARCH WAY sits on a plot of roughly 0.061 of an acre, or 245m². The below map shows the location of 16 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 16 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 16 MONARCH WAY?

16 MONARCH WAY is located in HEANOR, in the DE75 postcode district. The below map shows the position of No. 16 on MONARCH WAY.