6, LACE MAKERS CLOSE, BORROWASH, DERBY, DE72 3WR - £430,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

6 LACE MAKERS CLOSE is a large detached house of 123m², built sometime from 2007 onwards, which could now be worth an estimated £414,632. It was last sold for £430,000 in February 2023, which was around 32% above the average February 2023 detached price in the Erewash local authority area. The most recent EPC inspection was January 2013, where the current energy rating was C, and the potential energy rating was B.

6 LACE MAKERS CLOSE Sold Prices

Land registry data shows three sales for 6 LACE MAKERS CLOSE 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. All of the three 6 LACE MAKERS CLOSE sales 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
2023 8 FEB	£430,000	£325,888	32% above HPI
2013 25 APR	£248,000	£171,746	44% above HPI
2007 29 JUN	£288,595	£186,867	54% above HPI

6 LACE MAKERS CLOSE 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 6 LACE MAKERS CLOSE sales between June 2007 and February 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 April 2013 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the February 2023 sale, where it falls to 32% above the HPI. The line then continues to track at 32% above the HPI.

What might 6 LACE MAKERS CLOSE be worth now?

6 LACE MAKERS CLOSE might now be worth an estimated £414,632.

This is based on house price deflation of 3.6%, between February 2023 and March 2025, 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 3.6% deflationary decrease is applied to the most recent sale price for 6 LACE MAKERS CLOSE of £430,000 on 8th February 2023. For the value to have decreased from £430,000 to £414,632 over the one year and eleven months to March 2025, the following assumptions must hold true:

• The value of 6 LACE MAKERS CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The February 2023 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of 6 LACE MAKERS CLOSE has not materially changed since February 2023.

How Large is 6 LACE MAKERS CLOSE?

6 LACE MAKERS CLOSE is 123m² according to the EPC inspection conducted in January 2013. This puts it in the largest 40% of detached houses houses in Borrowash, based on EPC data. The below chart shows the distribution of detached houses houses by size in Borrowash, and where 6 LACE MAKERS CLOSE lies on this distribution: 67% of detached houses houses are smaller than 6 LACE MAKERS CLOSE, and 32% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

6 LACE MAKERS CLOSE: Plot and Title Map

6 LACE MAKERS CLOSE sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 6 LACE MAKERS CLOSE, 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 6 LACE MAKERS CLOSE). 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 6 LACE MAKERS CLOSE?

6 LACE MAKERS CLOSE is located in BORROWASH, in the DE72 postcode district. The below map shows the position of No. 6 on LACE MAKERS CLOSE.