2, MORLEY LANE, LITTLE EATON, DERBY, DE21 5AH - £415,000

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

2 MORLEY LANE is a midsized extended detached house of 133m², built sometime between 1930 and 1949. It was last sold for £415,000 in October 2015, which was around 103% above the average October 2015 detached price in the Erewash local authority area. The most recent EPC inspection was September 2015, where the current energy rating was E, and the potential energy rating was B.

2 MORLEY LANE Sold Prices

Land registry data shows two sales for 2 MORLEY LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. Both of the two 2 MORLEY LANE 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
2015 2 OCT	£415,000	£204,782	103% above HPI
2013 7 MAR	£185,000	£165,317	12% above HPI

2 MORLEY LANE 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 two 2 MORLEY LANE sales from March 2013 and October 2015 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 2013 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the October 2015 sale, where it rises to 103% above the HPI. The line then continues to track at 103% above the HPI.

How Large is 2 MORLEY LANE?

2 MORLEY LANE is 133m², which includes one extension, according to the EPC inspection conducted in September 2015. This puts it in the largest 50% of detached houses in Little Eaton, based on EPC data. The below chart shows the distribution of detached houses by size in Little Eaton, and where 2 MORLEY LANE lies on this distribution: 51% of detached houses are smaller than 2 MORLEY LANE, and 47% of houses are larger. Note that EPC data is not available for all properties in Little Eaton.

2 MORLEY LANE: Plot and Title Map

2 MORLEY LANE sits on a plot of roughly 0.174 of an acre, or 703m². The below map shows the location of 2 MORLEY LANE, 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 2 MORLEY LANE). 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 2 MORLEY LANE?

2 MORLEY LANE is located in LITTLE EATON, in the DE21 postcode district. The below map shows the position of No. 2 on MORLEY LANE.