2, TOWLE CLOSE, BORROWASH, DERBY, DE72 3FJ - £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

2 TOWLE CLOSE is a midsized detached house of 98m², built sometime between 1967 and 1975, which could now be worth an estimated £282,427. It was last sold for £215,000 in August 2019, which was around 12% below the average August 2019 detached price in the Erewash local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

2 TOWLE CLOSE Sold Prices

Land registry data shows three sales for 2 TOWLE 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. Two of the three 2 TOWLE CLOSE sales were for below the average price, whilst one was 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
2019 30 AUG	£215,000	£245,476	12% below HPI
2014 6 MAR	£182,500	£185,193	1% below HPI
1999 18 OCT	£85,000	£76,503	11% above HPI

2 TOWLE 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 2 TOWLE CLOSE sales between October 1999 and August 2019 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 2014 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the August 2019 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 2 TOWLE CLOSE be worth now?

2 TOWLE CLOSE might now be worth an estimated £282,427.

This is based on house price inflation of 31.4%, between August 2019 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 31.4% inflationary increase is applied to the most recent sale price for 2 TOWLE CLOSE of £215,000 on 30th August 2019. For the value to have increased from £215,000 to £282,427 over the four years and eight months to December 2024, the following assumptions must hold true:

• The value of 2 TOWLE CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The August 2019 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 2 TOWLE CLOSE has not materially changed since August 2019.

How Large is 2 TOWLE CLOSE?

2 TOWLE CLOSE is 98m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 50% 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 2 TOWLE CLOSE lies on this distribution: 43% of detached houses houses are smaller than 2 TOWLE CLOSE, and 57% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

2 TOWLE CLOSE: Plot and Title Map

2 TOWLE CLOSE sits on a plot of roughly 0.052 of an acre, or 211m². The below map shows the location of 2 TOWLE 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 2 TOWLE 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 2 TOWLE CLOSE?

2 TOWLE CLOSE is located in BORROWASH, in the DE72 postcode district. The below map shows the position of No. 2 on TOWLE CLOSE.