72, MEAR DRIVE, BORROWASH, DERBY, DE72 3QW - £175,000

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

72 MEAR DRIVE is a very small detached house of 77m², built sometime between 1996 and 2002. It was last sold for £175,000 in August 2013, which was around 2% above the average August 2013 detached price in the Erewash local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

72 MEAR DRIVE Sold Prices

Land registry data shows four sales for 72 MEAR DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. Most of the four 72 MEAR DRIVE 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
2013 16 AUG	£175,000	£171,930	2% above HPI
2004 24 SEP	£167,500	£172,677	3% below HPI
1999 20 AUG	£76,500	£71,047	8% above HPI
1996 26 APR	£68,950	£60,587	14% above HPI

72 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 four 72 MEAR DRIVE sales between April 1996 and August 2013 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 September 2004 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the August 2013 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 72 MEAR DRIVE?

72 MEAR DRIVE is 77m² according to the EPC inspection conducted in March 2013. This puts it in the smallest 20% of detached houses in Borrowash, based on EPC data. The below chart shows the distribution of detached houses by size in Borrowash, and where 72 MEAR DRIVE lies on this distribution: 14% of detached houses are smaller than 72 MEAR DRIVE, and 86% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

72 MEAR DRIVE: Plot and Title Map

72 MEAR DRIVE sits on a plot of roughly 0.061 of an acre, or 249m². The below map shows the location of 72 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 72 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 72 MEAR DRIVE?

72 MEAR DRIVE is located in BORROWASH, in the DE72 postcode district. The below map shows the position of No. 72 on MEAR DRIVE.