40, ELVASTON DRIVE, LONG EATON, NOTTINGHAM, NG10 3BQ - £185,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

40 ELVASTON DRIVE is a small detached house of 82m², built sometime between 1950 and 1966, which could now be worth an estimated £275,480. It was last sold for £185,000 in August 2016, which was around 15% below the average August 2016 detached price in the Erewash local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was C.

40 ELVASTON DRIVE Sold Prices

Land registry data shows two sales for 40 ELVASTON 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 ELVASTON 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
2016 19 AUG	£185,000	£216,550	15% below HPI
2008 1 FEB	£152,500	£193,801	21% below HPI

40 ELVASTON 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 ELVASTON DRIVE sales from February 2008 and August 2016 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 2008 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2016 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 40 ELVASTON DRIVE be worth now?

40 ELVASTON DRIVE might now be worth an estimated £275,480.

This is based on house price inflation of 48.9%, between August 2016 and December 2024, 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 48.9% inflationary increase is applied to the most recent sale price for 40 ELVASTON DRIVE of £185,000 on 19th August 2016. For the value to have increased from £185,000 to £275,480 over the seven years and eight months to December 2024, the following assumptions must hold true:

• The value of 40 ELVASTON DRIVE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The August 2016 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 40 ELVASTON DRIVE has not materially changed since August 2016.

How Large is 40 ELVASTON DRIVE?

40 ELVASTON DRIVE is 82m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 30% of detached houses houses in Long Eaton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Long Eaton, and where 40 ELVASTON DRIVE lies on this distribution: 21% of detached houses houses are smaller than 40 ELVASTON DRIVE, and 78% of houses are larger. Note that EPC data is not available for all properties in Long Eaton.

40 ELVASTON DRIVE: Plot and Title Map

40 ELVASTON DRIVE sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 40 ELVASTON 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 ELVASTON 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 ELVASTON DRIVE?

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