6, SOVEREIGN WAY, HEANOR, DE75 7SB - £228,500

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 SOVEREIGN WAY is a very large detached house of 149m², built sometime between 1996 and 2002, which could now be worth an estimated £429,123. It was last sold for £228,500 in February 2010, which was around 26% above the average February 2010 detached price in the Amber Valley local authority area. The most recent EPC inspection was June 2009, where the current energy rating was D, and the potential energy rating was C.

6 SOVEREIGN WAY Sold Prices

Land registry data shows two sales for 6 SOVEREIGN WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. Both of the two 6 SOVEREIGN WAY 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
2010 12 FEB	£228,500	£180,981	26% above HPI
1999 26 AUG	£110,000	£76,301	44% above HPI

6 SOVEREIGN WAY 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 two 6 SOVEREIGN WAY sales from August 1999 and February 2010 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 August 1999 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the February 2010 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 6 SOVEREIGN WAY be worth now?

6 SOVEREIGN WAY might now be worth an estimated £429,123.

This is based on house price inflation of 87.8%, between February 2010 and February 2025, for detached houses, in the Amber Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 87.8% inflationary increase is applied to the most recent sale price for 6 SOVEREIGN WAY of £228,500 on 12th February 2010. For the value to have increased from £228,500 to £429,123 over the fifteen years to February 2025, the following assumptions must hold true:

• The value of 6 SOVEREIGN WAY has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The February 2010 sale price of £228,500 represented a fair market value for the property.
• The size, condition, and specification of 6 SOVEREIGN WAY has not materially changed since February 2010.

How Large is 6 SOVEREIGN WAY?

6 SOVEREIGN WAY is 149m² according to the EPC inspection conducted in June 2009. This puts it in the largest 10% of detached houses houses in Heanor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heanor, and where 6 SOVEREIGN WAY lies on this distribution: 92% of detached houses houses are smaller than 6 SOVEREIGN WAY, and 8% of houses are larger. Note that EPC data is not available for all properties in Heanor.

6 SOVEREIGN WAY: Plot and Title Map

6 SOVEREIGN WAY sits on a plot of roughly 0.103 of an acre, or 416m². The below map shows the location of 6 SOVEREIGN WAY, 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 SOVEREIGN WAY). 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 SOVEREIGN WAY?

6 SOVEREIGN WAY is located in HEANOR, in the DE75 postcode district. The below map shows the position of No. 6 on SOVEREIGN WAY.