21, MEAR DRIVE, BORROWASH, DERBY, DE72 3QW - £192,000

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

21 MEAR DRIVE is a very small detached house of 78m², built sometime between 1991 and 1995. It was last sold for £192,000 in January 2017, which was around 11% below the average January 2017 detached price in the Erewash local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

21 MEAR DRIVE Sold Prices

Land registry data shows three sales for 21 MEAR DRIVE 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 21 MEAR DRIVE 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
2017 26 JAN	£192,000	£215,387	11% below HPI
2006 23 NOV	£174,000	£181,771	4% below HPI
1996 22 NOV	£69,950	£61,763	13% above HPI

21 MEAR DRIVE 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 21 MEAR DRIVE sales between November 1996 and January 2017 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 November 2006 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the January 2017 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 21 MEAR DRIVE?

21 MEAR DRIVE is 78m² according to the EPC inspection conducted in October 2016. This puts it in the smallest 20% of detached houses in Borrowash, based on EPC data. The below chart shows the distribution of detached houses by size in Borrowash, and where 21 MEAR DRIVE lies on this distribution: 15% of detached houses are smaller than 21 MEAR DRIVE, and 83% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

21 MEAR DRIVE: Plot and Title Map

21 MEAR DRIVE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 21 MEAR DRIVE, 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 21 MEAR DRIVE). 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 21 MEAR DRIVE?

21 MEAR DRIVE is located in BORROWASH, in the DE72 postcode district. The below map shows the position of No. 21 on MEAR DRIVE.