4, MONARCH WAY, HEANOR, DE75 7SZ - £120,000

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 MONARCH WAY is a very small detached house of 72m², built sometime between 1991 and 1995, which could now be worth an estimated £227,972. It was last sold for £120,000 in September 2005, which was around 33% below the average September 2005 detached price in the Amber Valley local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was B.

4 MONARCH WAY Sold Prices

Land registry data shows two sales for 4 MONARCH WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. Both of the two 4 MONARCH 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
2005 2 SEP	£120,000	£178,907	33% below HPI
1999 26 FEB	£52,950	£68,466	23% below HPI

4 MONARCH WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Amber Valley local authority area over time, sourced from the HPI. The two 4 MONARCH WAY sales from February 1999 and September 2005 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 1999 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the September 2005 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 4 MONARCH WAY be worth now?

4 MONARCH WAY might now be worth an estimated £227,972.

This is based on house price inflation of 90%, between September 2005 and February 2025, for detached houses, in the Amber Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 90% inflationary increase is applied to the most recent sale price for 4 MONARCH WAY of £120,000 on 2nd September 2005. For the value to have increased from £120,000 to £227,972 over the twenty years and seven months to February 2025, the following assumptions must hold true:

• The value of 4 MONARCH WAY has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The September 2005 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MONARCH WAY has not materially changed since September 2005.

How Large is 4 MONARCH WAY?

4 MONARCH WAY is 72m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 20% of detached houses houses in Heanor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heanor, and where 4 MONARCH WAY lies on this distribution: 14% of detached houses houses are smaller than 4 MONARCH WAY, and 85% of houses are larger. Note that EPC data is not available for all properties in Heanor.

4 MONARCH WAY: Plot and Title Map

4 MONARCH WAY sits on a plot of roughly 0.044 of an acre, or 178m². The below map shows the location of 4 MONARCH 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 4 MONARCH 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 4 MONARCH WAY?

4 MONARCH WAY is located in HEANOR, in the DE75 postcode district. The below map shows the position of No. 4 on MONARCH WAY.