3, MILLS CLOSE, DRAYCOTT, DERBY, DE72 3QN - £170,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 MILLS CLOSE is a very small detached house of 57m², built sometime between 1991 and 1995, which could now be worth an estimated £228,425. It was last sold for £170,000 in April 2018, which was around 28% below the average April 2018 detached price in the Erewash local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was B.

3 MILLS CLOSE Sold Prices

Land registry data shows three sales for 3 MILLS 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. All of the three 3 MILLS 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
2018 25 APR	£170,000	£237,411	28% below HPI
2010 22 JAN	£120,000	£171,707	30% below HPI
2000 15 SEP	£60,000	£84,467	29% below HPI

3 MILLS 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 MILLS CLOSE sales between September 2000 and April 2018 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 2010 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the April 2018 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 3 MILLS CLOSE be worth now?

3 MILLS CLOSE might now be worth an estimated £228,425.

This is based on house price inflation of 34.4%, between April 2018 and February 2025, 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 34.4% inflationary increase is applied to the most recent sale price for 3 MILLS CLOSE of £170,000 on 25th April 2018. For the value to have increased from £170,000 to £228,425 over the seven years and two months to February 2025, the following assumptions must hold true:

• The value of 3 MILLS CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The April 2018 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MILLS CLOSE has not materially changed since April 2018.

How Large is 3 MILLS CLOSE?

3 MILLS CLOSE is 57m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 10% of detached houses houses in Draycott, based on EPC data. The below chart shows the distribution of detached houses houses by size in Draycott, and where 3 MILLS CLOSE lies on this distribution: 1% of detached houses houses are smaller than 3 MILLS CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Draycott.

3 MILLS CLOSE: Plot and Title Map

3 MILLS CLOSE sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of 3 MILLS 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 MILLS 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 MILLS CLOSE?

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