3, MINKLEY DRIVE, LANGLEY MILL, NOTTINGHAM, NG16 4JA - £205,000

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 MINKLEY DRIVE is a small detached house of 92m², built sometime between 2003 and 2006, which could now be worth an estimated £266,182. It was last sold for £205,000 in August 2020, which was around 22% below the average August 2020 detached price in the Amber Valley local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

3 MINKLEY DRIVE Sold Prices

Land registry data shows two sales for 3 MINKLEY 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 Amber Valley local authority area for the corresponding sale date. Both of the two 3 MINKLEY DRIVE 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 3 AUG	£205,000	£261,760	22% below HPI
2006 30 NOV	£149,950	£195,827	23% below HPI

3 MINKLEY DRIVE 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 two 3 MINKLEY DRIVE sales from November 2006 and August 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 November 2006 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the August 2020 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 3 MINKLEY DRIVE be worth now?

3 MINKLEY DRIVE might now be worth an estimated £266,182.

This is based on house price inflation of 29.8%, between August 2020 and February 2025, 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 29.8% inflationary increase is applied to the most recent sale price for 3 MINKLEY DRIVE of £205,000 on 3rd August 2020. For the value to have increased from £205,000 to £266,182 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 3 MINKLEY DRIVE has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The August 2020 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MINKLEY DRIVE has not materially changed since August 2020.

How Large is 3 MINKLEY DRIVE?

3 MINKLEY DRIVE is 92m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 40% of detached houses houses in Heanor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heanor, and where 3 MINKLEY DRIVE lies on this distribution: 40% of detached houses houses are smaller than 3 MINKLEY DRIVE, and 59% of houses are larger. Note that EPC data is not available for all properties in Heanor.

3 MINKLEY DRIVE: Plot and Title Map

3 MINKLEY DRIVE sits on a plot of roughly 0.042 of an acre, or 171m². The below map shows the location of 3 MINKLEY 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 3 MINKLEY 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 3 MINKLEY DRIVE?

3 MINKLEY DRIVE is located in LANGLEY MILL, in the NG16 postcode district. The below map shows the position of No. 3 on MINKLEY DRIVE.