1B, BURNS STREET, HEANOR, DE75 7FY - £205,000

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.

1B BURNS STREET is a midsized extended detached house of 105m², built sometime between 1930 and 1949, which could now be worth an estimated £247,410. It was last sold for £205,000 in August 2021, which was around 27% below the average August 2021 detached price in the Amber Valley local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was C.

1B BURNS STREET Sold Prices

Land registry data shows three sales for 1B BURNS STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. All of the three 1B BURNS STREET 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
2021 12 AUG	£205,000	£281,621	27% below HPI
2002 27 MAR	£73,000	£97,335	25% below HPI
1998 17 JUL	£46,500	£67,683	31% below HPI

1B BURNS STREET 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 three 1B BURNS STREET sales between July 1998 and August 2021 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 2002 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the August 2021 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 1B BURNS STREET be worth now?

1B BURNS STREET might now be worth an estimated £247,410.

This is based on house price inflation of 20.7%, between August 2021 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 20.7% inflationary increase is applied to the most recent sale price for 1B BURNS STREET of £205,000 on 12th August 2021. For the value to have increased from £205,000 to £247,410 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 1B BURNS STREET has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The August 2021 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 1B BURNS STREET has not materially changed since August 2021.

How Large is 1B BURNS STREET?

1B BURNS STREET is 105m², which includes three extensions, according to the EPC inspection conducted in October 2020. This puts it in the largest 50% 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 1B BURNS STREET lies on this distribution: 56% of detached houses houses are smaller than 1B BURNS STREET, and 43% of houses are larger. Note that EPC data is not available for all properties in Heanor.

1B BURNS STREET: Plot and Title Map

1B BURNS STREET sits on a plot of roughly 0.046 of an acre, or 187m². The below map shows the location of 1B BURNS STREET, 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 1B BURNS STREET). 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 1B BURNS STREET?

1B BURNS STREET is located in HEANOR, in the DE75 postcode district. The below map shows the position of No. 1B on BURNS STREET.