18, FOSSE CLOSE, BORROWASH, DERBY, DE72 3NN - £215,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

18 FOSSE CLOSE is a small detached house of 82m², built sometime between 1996 and 2002, which could now be worth an estimated £328,135. It was last sold for £215,000 in April 2016, which was around 2% above the average April 2016 detached price in the Erewash local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

18 FOSSE CLOSE Sold Prices

Land registry data shows three sales for 18 FOSSE 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 18 FOSSE 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
2016 15 APR	£215,000	£211,282	2% above HPI
2002 1 JUL	£137,500	£112,621	22% above HPI
1998 27 FEB	£76,950	£66,559	16% above HPI

18 FOSSE 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 18 FOSSE CLOSE sales between February 1998 and April 2016 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 July 2002 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the April 2016 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 18 FOSSE CLOSE be worth now?

18 FOSSE CLOSE might now be worth an estimated £328,135.

This is based on house price inflation of 52.6%, between April 2016 and December 2024, for detached houses, in the Erewash local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 52.6% inflationary increase is applied to the most recent sale price for 18 FOSSE CLOSE of £215,000 on 15th April 2016. For the value to have increased from £215,000 to £328,135 over the seven years and four months to December 2024, the following assumptions must hold true:

• The value of 18 FOSSE CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The April 2016 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 18 FOSSE CLOSE has not materially changed since April 2016.

How Large is 18 FOSSE CLOSE?

18 FOSSE CLOSE is 82m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 30% of detached houses houses in Borrowash, based on EPC data. The below chart shows the distribution of detached houses houses by size in Borrowash, and where 18 FOSSE CLOSE lies on this distribution: 22% of detached houses houses are smaller than 18 FOSSE CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

18 FOSSE CLOSE: Plot and Title Map

18 FOSSE CLOSE sits on a plot of roughly 0.051 of an acre, or 207m². The below map shows the location of 18 FOSSE 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 FOSSE 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 FOSSE CLOSE?

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