31, PARES WAY, OCKBROOK, DERBY, DE72 3TJ - £249,995

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

31 PARES WAY is a small detached house of 85m², built sometime between 1976 and 1982. It was last sold for £249,995 in March 2023, which was around 20% below the average March 2023 detached price in the Erewash local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

31 PARES WAY Sold Prices

Land registry data shows six sales for 31 PARES WAY since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. All of the six 31 PARES WAY 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
2023 17 MAR	£249,995	£312,968	20% below HPI
2020 21 AUG	£225,000	£249,022	10% below HPI
2014 8 SEP	£159,000	£192,283	17% below HPI
2014 27 JUN	£170,000	£186,005	9% below HPI
1998 27 FEB	£62,500	£64,560	3% below HPI
1996 17 MAY	£58,750	£60,299	3% below HPI

31 PARES WAY 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 six 31 PARES WAY sales between May 1996 and March 2023 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 August 2020 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the March 2023 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 31 PARES WAY?

31 PARES WAY is 85m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 30% of detached houses in Ockbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Ockbrook, and where 31 PARES WAY lies on this distribution: 29% of detached houses are smaller than 31 PARES WAY, and 69% of houses are larger. Note that EPC data is not available for all properties in Ockbrook.

31 PARES WAY: Plot and Title Map

31 PARES WAY sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 31 PARES WAY, 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 31 PARES WAY). 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 31 PARES WAY?

31 PARES WAY is located in OCKBROOK, in the DE72 postcode district. The below map shows the position of No. 31 on PARES WAY.