40, ELGAR DRIVE, LONG EATON, NOTTINGHAM, NG10 3PY - £241,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

40 ELGAR DRIVE is a very small detached house of 66m², built sometime between 1991 and 1995. It was last sold for £241,000 in August 2023, which was around 24% below the average August 2023 detached price in the Erewash local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

40 ELGAR DRIVE Sold Prices

Land registry data shows two sales for 40 ELGAR DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. Both of the two 40 ELGAR DRIVE 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 AUG	£241,000	£316,616	24% below HPI
1997 23 MAY	£63,000	£63,672	1% below HPI

40 ELGAR DRIVE 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 two 40 ELGAR DRIVE sales from May 1997 and August 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 May 1997 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the August 2023 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 40 ELGAR DRIVE?

40 ELGAR DRIVE is 66m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 10% of detached houses in Long Eaton, based on EPC data. The below chart shows the distribution of detached houses by size in Long Eaton, and where 40 ELGAR DRIVE lies on this distribution: 7% of detached houses are smaller than 40 ELGAR DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Long Eaton.

40 ELGAR DRIVE: Plot and Title Map

40 ELGAR DRIVE sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of 40 ELGAR DRIVE, 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 40 ELGAR DRIVE). 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 40 ELGAR DRIVE?

40 ELGAR DRIVE is located in LONG EATON, in the NG10 postcode district. The below map shows the position of No. 40 on ELGAR DRIVE.