3, THE SPINNEY, BORROWASH, DERBY, DE72 3FT - £272,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 THE SPINNEY is a small extended detached house of 92m², built sometime between 1983 and 1990. It was last sold for £272,500 in February 2020, which was around 14% above the average February 2020 detached price in the Erewash local authority area. The most recent EPC inspection was January 2017, where the current energy rating was D, and the potential energy rating was B.

3 THE SPINNEY Sold Prices

Land registry data shows four sales for 3 THE SPINNEY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. All of the four 3 THE SPINNEY sales 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
2020 3 FEB	£272,500	£239,668	14% above HPI
2017 24 FEB	£239,950	£214,490	12% above HPI
2010 3 DEC	£197,000	£175,133	12% above HPI
2001 6 JUL	£104,000	£89,252	17% above HPI

3 THE SPINNEY 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 four 3 THE SPINNEY sales between July 2001 and February 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 February 2017 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the February 2020 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is 3 THE SPINNEY?

3 THE SPINNEY is 92m², which includes one extension, according to the EPC inspection conducted in January 2017. This puts it in the smallest 40% of detached houses in Borrowash, based on EPC data. The below chart shows the distribution of detached houses by size in Borrowash, and where 3 THE SPINNEY lies on this distribution: 36% of detached houses are smaller than 3 THE SPINNEY, and 62% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

3 THE SPINNEY: Plot and Title Map

3 THE SPINNEY sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 3 THE SPINNEY, 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 THE SPINNEY). 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 THE SPINNEY?

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