35, PARES WAY, OCKBROOK, DERBY, DE72 3TJ - £425,000

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

35 PARES WAY is a very small detached house of 76m², built sometime between 1976 and 1982. It was last sold for £425,000 in May 2023, which was around 38% above the average May 2023 detached price in the Erewash local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

35 PARES WAY Sold Prices

Land registry data shows three sales for 35 PARES WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. One of the three 35 PARES WAY sales was for above the average price, whilst two 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 19 MAY	£425,000	£307,355	38% above HPI
2014 28 NOV	£171,000	£192,379	11% below HPI
2003 20 OCT	£147,000	£150,601	2% below HPI

35 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 three 35 PARES WAY sales between October 2003 and May 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 November 2014 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the May 2023 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

How Large is 35 PARES WAY?

35 PARES WAY is 76m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 20% of detached houses in Ockbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Ockbrook, and where 35 PARES WAY lies on this distribution: 14% of detached houses are smaller than 35 PARES WAY, and 85% of houses are larger. Note that EPC data is not available for all properties in Ockbrook.

35 PARES WAY: Plot and Title Map

35 PARES WAY sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 35 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 35 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 35 PARES WAY?

35 PARES WAY is located in OCKBROOK, in the DE72 postcode district. The below map shows the position of No. 35 on PARES WAY.