3, MILL CLOSE, SWANWICK, ALFRETON, DE55 1AX - £152,000

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 MILL CLOSE is a very small detached house of 59m², built sometime between 1950 and 1966. It was last sold for £152,000 in November 2012, which was around 17% below the average November 2012 detached price in the Amber Valley local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was B.

3 MILL CLOSE Sold Prices

Land registry data shows four sales for 3 MILL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. All of the four 3 MILL CLOSE 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
2012 9 NOV	£152,000	£184,126	17% below HPI
2005 28 JAN	£150,000	£177,206	15% below HPI
2003 3 OCT	£107,000	£150,007	29% below HPI
2002 25 OCT	£85,250	£120,635	29% below HPI

3 MILL CLOSE 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 four 3 MILL CLOSE sales between October 2002 and November 2012 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 January 2005 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the November 2012 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 3 MILL CLOSE be worth now?

3 MILL CLOSE might now be worth an estimated £278,011.

This is based on house price inflation of 82.9%, between November 2012 and December 2024, for detached houses, in the Amber Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 82.9% inflationary increase is applied to the most recent sale price for 3 MILL CLOSE of £152,000 on 9th November 2012. For the value to have increased from £152,000 to £278,011 over the eleven years and eleven months to December 2024, the following assumptions must hold true:

• The value of 3 MILL CLOSE has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The November 2012 sale price of £152,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MILL CLOSE has not materially changed since November 2012.

How Large is 3 MILL CLOSE?

3 MILL CLOSE is 59m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 10% of detached houses houses in Swanwick, based on EPC data. The below chart shows the distribution of detached houses houses by size in Swanwick, and where 3 MILL CLOSE lies on this distribution: 7% of detached houses houses are smaller than 3 MILL CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Swanwick.

3 MILL CLOSE: Plot and Title Map

3 MILL CLOSE sits on a plot of roughly 0.116 of an acre, or 471m². The below map shows the location of 3 MILL 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 MILL 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 MILL CLOSE?

3 MILL CLOSE is located in SWANWICK, in the DE55 postcode district. The below map shows the position of No. 3 on MILL CLOSE.