58, MEAR DRIVE, BORROWASH, DERBY, DE72 3QW - £173,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

58 MEAR DRIVE is a midsized extended detached house of 100m², built sometime between 1996 and 2002. It was last sold for £173,000 in April 2014, which was around 4% below the average April 2014 detached price in the Erewash local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was C.

58 MEAR DRIVE Sold Prices

Land registry data shows three sales for 58 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. One of the three 58 MEAR DRIVE sales was for below the average price, whilst two were 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
2014 11 APR	£173,000	£181,106	4% below HPI
1997 21 NOV	£68,000	£67,564	1% above HPI
1996 12 JAN	£67,950	£59,137	15% above HPI

58 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 58 MEAR DRIVE sales between January 1996 and April 2014 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 November 1997 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the April 2014 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 58 MEAR DRIVE?

58 MEAR DRIVE is 100m², which includes one extension, according to the EPC inspection conducted in September 2011. This puts it in the smallest 50% of detached houses in Borrowash, based on EPC data. The below chart shows the distribution of detached houses by size in Borrowash, and where 58 MEAR DRIVE lies on this distribution: 45% of detached houses are smaller than 58 MEAR DRIVE, and 55% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

58 MEAR DRIVE: Plot and Title Map

58 MEAR DRIVE sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 58 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 58 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 58 MEAR DRIVE?

58 MEAR DRIVE is located in BORROWASH, in the DE72 postcode district. The below map shows the position of No. 58 on MEAR DRIVE.