21, SOVEREIGN WAY, HEANOR, DE75 7SB - £175,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

21 SOVEREIGN WAY is a very small detached house of 69m², built sometime between 1991 and 1995. It was last sold for £175,000 in November 2020, which was around 36% below the average November 2020 detached price in the Amber Valley local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was B.

21 SOVEREIGN WAY Sold Prices

Land registry data shows three sales for 21 SOVEREIGN WAY 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 21 SOVEREIGN WAY 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
2020 12 NOV	£175,000	£272,362	36% below HPI
2005 22 APR	£141,000	£185,143	24% below HPI
1999 26 FEB	£60,950	£69,679	13% below HPI

21 SOVEREIGN WAY 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 21 SOVEREIGN WAY sales between February 1999 and November 2020 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 April 2005 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the November 2020 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 21 SOVEREIGN WAY?

21 SOVEREIGN WAY is 69m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 20% of detached houses in Heanor, based on EPC data. The below chart shows the distribution of detached houses by size in Heanor, and where 21 SOVEREIGN WAY lies on this distribution: 10% of detached houses are smaller than 21 SOVEREIGN WAY, and 89% of houses are larger. Note that EPC data is not available for all properties in Heanor.

21 SOVEREIGN WAY: Plot and Title Map

21 SOVEREIGN WAY sits on a plot of roughly 0.065 of an acre, or 262m². The below map shows the location of 21 SOVEREIGN WAY, 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 SOVEREIGN WAY). 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 SOVEREIGN WAY?

21 SOVEREIGN WAY is located in HEANOR, in the DE75 postcode district. The below map shows the position of No. 21 on SOVEREIGN WAY.