23, MEAR DRIVE, BORROWASH, DERBY, DE72 3QW - £275,000

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

23 MEAR DRIVE is a midsized detached house of 106m², built sometime between 1996 and 2002. It was last sold for £275,000 in December 2016, which was around 27% above the average December 2016 detached price in the Erewash local authority area. The most recent EPC inspection was September 2016, where the current energy rating was C, and the potential energy rating was B.

23 MEAR DRIVE Sold Prices

Land registry data shows two sales for 23 MEAR DRIVE 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 23 MEAR DRIVE 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
2016 9 DEC	£275,000	£216,243	27% above HPI
1997 27 MAR	£92,500	£62,762	47% above HPI

23 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 two 23 MEAR DRIVE sales from March 1997 and December 2016 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 1997 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the December 2016 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

How Large is 23 MEAR DRIVE?

23 MEAR DRIVE is 106m² according to the EPC inspection conducted in September 2016. This puts it in the largest 50% of detached houses in Borrowash, based on EPC data. The below chart shows the distribution of detached houses by size in Borrowash, and where 23 MEAR DRIVE lies on this distribution: 51% of detached houses are smaller than 23 MEAR DRIVE, and 48% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

23 MEAR DRIVE: Plot and Title Map

23 MEAR DRIVE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 23 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 23 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 23 MEAR DRIVE?

23 MEAR DRIVE is located in BORROWASH, in the DE72 postcode district. The below map shows the position of No. 23 on MEAR DRIVE.