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

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 THE SPINNEY is a small extended detached house of 92m², built sometime between 1983 and 1990, which could now be worth an estimated £355,623. It was last sold for £272,500 in February 2020, which was around 10% 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	£247,089	10% above HPI
2017 24 FEB	£239,950	£221,131	9% above HPI
2010 3 DEC	£197,000	£180,555	9% above HPI
2001 6 JUL	£104,000	£92,016	13% 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 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the February 2020 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 3 THE SPINNEY be worth now?

3 THE SPINNEY might now be worth an estimated £355,623.

This is based on house price inflation of 30.5%, between February 2020 and December 2024, 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 30.5% inflationary increase is applied to the most recent sale price for 3 THE SPINNEY of £272,500 on 3rd February 2020. For the value to have increased from £272,500 to £355,623 over the three years and two months to December 2024, the following assumptions must hold true:

• The value of 3 THE SPINNEY has moved in line with the HPI for detached houses in the Erewash local authority area.
• The February 2020 sale price of £272,500 represented a fair market value for the property.
• The size, condition, and specification of 3 THE SPINNEY has not materially changed since February 2020.

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 houses in Borrowash, based on EPC data. The below chart shows the distribution of detached houses houses by size in Borrowash, and where 3 THE SPINNEY lies on this distribution: 37% of detached houses 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.