18, FIELD CLOSE, BORROWASH, DERBY, DE72 3HJ - £260,000

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

18 FIELD CLOSE is a midsized extended detached house of 105m², built sometime between 1950 and 1966. It was last sold for £260,000 in August 2022, which was around 15% below the average August 2022 detached price in the Erewash local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was B.

18 FIELD CLOSE Sold Prices

Land registry data shows four sales for 18 FIELD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. All of the four 18 FIELD CLOSE 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 22 AUG	£260,000	£307,097	15% below HPI
2022 23 JUN	£254,500	£302,377	16% below HPI
2013 30 SEP	£160,000	£171,404	7% below HPI
1998 27 NOV	£65,000	£68,560	5% below HPI

18 FIELD 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 four 18 FIELD CLOSE sales between November 1998 and August 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 June 2022 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the August 2022 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 18 FIELD CLOSE?

18 FIELD CLOSE is 105m², which includes one extension, according to the EPC inspection conducted in October 2012. This puts it in the largest 50% of detached houses in Borrowash, based on EPC data. The below chart shows the distribution of detached houses by size in Borrowash, and where 18 FIELD CLOSE lies on this distribution: 50% of detached houses are smaller than 18 FIELD CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

18 FIELD CLOSE: Plot and Title Map

18 FIELD CLOSE sits on a plot of roughly 0.105 of an acre, or 425m². The below map shows the location of 18 FIELD 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 18 FIELD 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 18 FIELD CLOSE?

18 FIELD CLOSE is located in BORROWASH, in the DE72 postcode district. The below map shows the position of No. 18 on FIELD CLOSE.