7, PARGATE CLOSE, MAREHAY, RIPLEY, DE5 8JU - £250,000

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.

7 PARGATE CLOSE is a large detached house of 122m², built sometime between 1996 and 2002, which could now be worth an estimated £297,017. It was last sold for £250,000 in June 2021, which was around 13% below the average June 2021 detached price in the Amber Valley local authority area. The most recent EPC inspection was September 2009, where the current energy rating was C, and the potential energy rating was C.

7 PARGATE CLOSE Sold Prices

Land registry data shows four sales for 7 PARGATE CLOSE 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. Most of the four 7 PARGATE 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
2021 2 JUN	£250,000	£286,080	13% below HPI
2014 11 APR	£223,000	£195,380	14% above HPI
2009 17 DEC	£203,000	£185,125	10% above HPI
2000 19 MAY	£109,950	£78,387	40% above HPI

7 PARGATE CLOSE 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 7 PARGATE CLOSE sales between May 2000 and June 2021 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 2014 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the June 2021 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 7 PARGATE CLOSE be worth now?

7 PARGATE CLOSE might now be worth an estimated £297,017.

This is based on house price inflation of 18.8%, between June 2021 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 18.8% inflationary increase is applied to the most recent sale price for 7 PARGATE CLOSE of £250,000 on 2nd June 2021. For the value to have increased from £250,000 to £297,017 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 7 PARGATE CLOSE has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The June 2021 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PARGATE CLOSE has not materially changed since June 2021.

How Large is 7 PARGATE CLOSE?

7 PARGATE CLOSE is 122m² according to the EPC inspection conducted in September 2009. This puts it in the largest 30% of detached houses houses in Ripley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ripley, and where 7 PARGATE CLOSE lies on this distribution: 75% of detached houses houses are smaller than 7 PARGATE CLOSE, and 25% of houses are larger. Note that EPC data is not available for all properties in Ripley.

7 PARGATE CLOSE: Plot and Title Map

7 PARGATE CLOSE sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of 7 PARGATE 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 7 PARGATE 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 7 PARGATE CLOSE?

7 PARGATE CLOSE is located in MAREHAY, in the DE5 postcode district. The below map shows the position of No. 7 on PARGATE CLOSE.