4, HOPWELL ROAD, DRAYCOTT, DERBY, DE72 3NH - £173,500

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.

4 HOPWELL ROAD is a very small detached house of 64m², built sometime before 1900, which could now be worth an estimated £317,302. It was last sold for £173,500 in May 2013, which was around 1% below the average May 2013 detached price in the Erewash local authority area. The most recent EPC inspection was March 2012, where the current energy rating was E, and the potential energy rating was E.

4 HOPWELL ROAD Sold Prices

Land registry data shows seven sales for 4 HOPWELL ROAD since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. All of the seven 4 HOPWELL ROAD 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
2013 10 MAY	£173,500	£174,430	1% below HPI
2007 8 OCT	£152,500	£198,019	23% below HPI
2007 8 JUN	£168,000	£186,867	10% below HPI
2005 4 MAR	£120,600	£170,790	29% below HPI
2003 7 FEB	£98,000	£132,516	26% below HPI
2000 6 OCT	£76,500	£84,885	10% below HPI
1997 28 FEB	£60,000	£65,163	8% below HPI

4 HOPWELL ROAD 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 seven 4 HOPWELL ROAD sales between February 1997 and May 2013 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 October 2007 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the May 2013 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 4 HOPWELL ROAD be worth now?

4 HOPWELL ROAD might now be worth an estimated £317,302.

This is based on house price inflation of 82.9%, between May 2013 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 82.9% inflationary increase is applied to the most recent sale price for 4 HOPWELL ROAD of £173,500 on 10th May 2013. For the value to have increased from £173,500 to £317,302 over the twelve years and three months to February 2025, the following assumptions must hold true:

• The value of 4 HOPWELL ROAD has moved in line with the HPI for detached houses in the Erewash local authority area.
• The May 2013 sale price of £173,500 represented a fair market value for the property.
• The size, condition, and specification of 4 HOPWELL ROAD has not materially changed since May 2013.

How Large is 4 HOPWELL ROAD?

4 HOPWELL ROAD is 64m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 10% of detached houses houses in Draycott, based on EPC data. The below chart shows the distribution of detached houses houses by size in Draycott, and where 4 HOPWELL ROAD lies on this distribution: 3% of detached houses houses are smaller than 4 HOPWELL ROAD, and 97% of houses are larger. Note that EPC data is not available for all properties in Draycott.

4 HOPWELL ROAD: Plot and Title Map

4 HOPWELL ROAD sits on a plot of roughly 3.1 acres, or 12,643m². The below map shows the location of 4 HOPWELL ROAD, 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 4 HOPWELL ROAD). 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 4 HOPWELL ROAD?

4 HOPWELL ROAD is located in DRAYCOTT, in the DE72 postcode district. The below map shows the position of No. 4 on HOPWELL ROAD.