3, FOSSE CLOSE, BORROWASH, DERBY, DE72 3NN - £188,000

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

3 FOSSE CLOSE is a small extended detached house of 92m², built sometime between 1996 and 2002, which could now be worth an estimated £313,061. It was last sold for £188,000 in July 2014, which was around 3% below the average July 2014 detached price in the Erewash local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

3 FOSSE CLOSE Sold Prices

Land registry data shows three sales for 3 FOSSE 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. One of the three 3 FOSSE CLOSE sales was for below the average price, whilst two 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
2014 15 JUL	£188,000	£193,645	3% below HPI
2002 26 APR	£130,000	£101,034	29% above HPI
1998 12 JUN	£84,950	£71,235	19% above HPI

3 FOSSE 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 3 FOSSE CLOSE sales between June 1998 and July 2014 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 2002 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the July 2014 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 3 FOSSE CLOSE be worth now?

3 FOSSE CLOSE might now be worth an estimated £313,061.

This is based on house price inflation of 66.5%, between July 2014 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 66.5% inflationary increase is applied to the most recent sale price for 3 FOSSE CLOSE of £188,000 on 15th July 2014. For the value to have increased from £188,000 to £313,061 over the nine years and seven months to December 2024, the following assumptions must hold true:

• The value of 3 FOSSE CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The July 2014 sale price of £188,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FOSSE CLOSE has not materially changed since July 2014.

How Large is 3 FOSSE CLOSE?

3 FOSSE CLOSE is 92m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the smallest 40% 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 3 FOSSE CLOSE lies on this distribution: 37% of detached houses houses are smaller than 3 FOSSE CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

3 FOSSE CLOSE: Plot and Title Map

3 FOSSE CLOSE sits on a plot of roughly 0.051 of an acre, or 206m². The below map shows the location of 3 FOSSE 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 3 FOSSE 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 3 FOSSE CLOSE?

3 FOSSE CLOSE is located in BORROWASH, in the DE72 postcode district. The below map shows the position of No. 3 on FOSSE CLOSE.