45, MEAR DRIVE, BORROWASH, DERBY, DE72 3QW - £237,000

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

45 MEAR DRIVE is a small extended detached house of 82m², built sometime between 1996 and 2002. It was last sold for £237,000 in November 2019, which was around 1% below the average November 2019 detached price in the Erewash local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

45 MEAR DRIVE Sold Prices

Land registry data shows three sales for 45 MEAR DRIVE 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. Two of the three 45 MEAR DRIVE sales were for below the average price, whilst one was for above 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
2019 29 NOV	£237,000	£238,490	1% below HPI
2008 12 MAR	£167,000	£186,161	10% below HPI
1996 20 SEP	£72,500	£61,278	18% above HPI

45 MEAR 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 three 45 MEAR DRIVE sales between September 1996 and November 2019 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 March 2008 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the November 2019 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 45 MEAR DRIVE?

45 MEAR DRIVE is 82m², which includes two extensions, according to the EPC inspection conducted in May 2019. This puts it in the smallest 30% of detached houses in Borrowash, based on EPC data. The below chart shows the distribution of detached houses by size in Borrowash, and where 45 MEAR DRIVE lies on this distribution: 23% of detached houses are smaller than 45 MEAR DRIVE, and 76% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

45 MEAR DRIVE: Plot and Title Map

45 MEAR DRIVE sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of 45 MEAR 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 45 MEAR 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 45 MEAR DRIVE?

45 MEAR DRIVE is located in BORROWASH, in the DE72 postcode district. The below map shows the position of No. 45 on MEAR DRIVE.