3, ROYAL CLOSE, BORROWASH, DERBY, DE72 3XB - £240,000

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 ROYAL CLOSE is a very small detached house of 77m², built sometime between 1991 and 1995, which could now be worth an estimated £292,719. It was last sold for £240,000 in October 2020, which was around 8% below the average October 2020 detached price in the Erewash local authority area. The most recent EPC inspection was July 2020, where the current energy rating was E, and the potential energy rating was B.

3 ROYAL CLOSE Sold Prices

Land registry data shows two sales for 3 ROYAL CLOSE 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. One of the two 3 ROYAL CLOSE sales was for below the average price, whilst the other was 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
2020 16 OCT	£240,000	£261,550	8% below HPI
1996 28 JUN	£78,000	£62,814	24% above HPI

3 ROYAL 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 two 3 ROYAL CLOSE sales from June 1996 and October 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 June 1996 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the October 2020 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 3 ROYAL CLOSE be worth now?

3 ROYAL CLOSE might now be worth an estimated £292,719.

This is based on house price inflation of 22%, between October 2020 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 22% inflationary increase is applied to the most recent sale price for 3 ROYAL CLOSE of £240,000 on 16th October 2020. For the value to have increased from £240,000 to £292,719 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 ROYAL CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The October 2020 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 3 ROYAL CLOSE has not materially changed since October 2020.

How Large is 3 ROYAL CLOSE?

3 ROYAL CLOSE is 77m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 20% 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 ROYAL CLOSE lies on this distribution: 14% of detached houses houses are smaller than 3 ROYAL CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

3 ROYAL CLOSE: Plot and Title Map

3 ROYAL CLOSE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 3 ROYAL 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 ROYAL 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 ROYAL CLOSE?

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