5, WELL LANE, MILFORD, BELPER, DE56 0QQ - £132,000

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

5 WELL LANE is a very small extended detached house of 50m², built sometime before 1900. It was last sold for £132,000 in August 2016, which was around 42% below the average August 2016 detached price in the Amber Valley local authority area. The most recent EPC inspection was June 2010, where the current energy rating was F, and the potential energy rating was E.

5 WELL LANE Sold Prices

Land registry data shows four sales for 5 WELL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. All of the four 5 WELL LANE 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 31 AUG	£132,000	£226,603	42% below HPI
2001 14 DEC	£80,000	£98,678	19% below HPI
1996 8 NOV	£45,500	£63,205	28% below HPI
1995 1 NOV	£46,000	£60,702	24% below HPI

5 WELL LANE 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 four 5 WELL LANE sales between November 1995 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 December 2001 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the August 2016 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 5 WELL LANE?

5 WELL LANE is 50m², which includes one extension, according to the EPC inspection conducted in June 2010. This puts it in the smallest 10% of detached houses in Milford, based on EPC data. The below chart shows the distribution of detached houses by size in Milford, and where 5 WELL LANE lies on this distribution: Less than 1% of detached houses are smaller than 5 WELL LANE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Milford.

5 WELL LANE: Plot and Title Map

5 WELL LANE sits on a plot of roughly 0.086 of an acre, or 347m². The below map shows the location of 5 WELL LANE, 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 5 WELL LANE). 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 5 WELL LANE?

5 WELL LANE is located in MILFORD, in the DE56 postcode district. The below map shows the position of No. 5 on WELL LANE.