60, MEAR DRIVE, BORROWASH, DERBY, DE72 3QW - £177,000

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

60 MEAR DRIVE is a small detached house of 80m², built sometime between 1996 and 2002. It was last sold for £177,000 in February 2015, which was around 7% below the average February 2015 detached price in the Erewash local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

60 MEAR DRIVE Sold Prices

Land registry data shows two sales for 60 MEAR DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. One of the two 60 MEAR DRIVE sales was for below the average price, whilst the other 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
2015 6 FEB	£177,000	£190,644	7% below HPI
1996 29 MAR	£69,950	£60,016	17% above HPI

60 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 two 60 MEAR DRIVE sales from March 1996 and February 2015 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 1996 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the February 2015 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 60 MEAR DRIVE?

60 MEAR DRIVE is 80m² according to the EPC inspection conducted in April 2014. 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 60 MEAR DRIVE lies on this distribution: 20% of detached houses are smaller than 60 MEAR DRIVE, and 78% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

60 MEAR DRIVE: Plot and Title Map

60 MEAR DRIVE sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of 60 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 60 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 60 MEAR DRIVE?

60 MEAR DRIVE is located in BORROWASH, in the DE72 postcode district. The below map shows the position of No. 60 on MEAR DRIVE.