8, BELMONT DRIVE, BORROWASH, DERBY, DE72 3GW - £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.

8 BELMONT DRIVE is a large detached house of 137m², built sometime between 1950 and 1966, which could now be worth an estimated £313,861. It was last sold for £250,000 in July 2020, which was around 2% below the average July 2020 detached price in the Erewash local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was C.

8 BELMONT DRIVE Sold Prices

Land registry data shows two sales for 8 BELMONT 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 8 BELMONT 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
2020 31 JUL	£250,000	£254,096	2% below HPI
2001 19 OCT	£120,000	£95,337	26% above HPI

8 BELMONT 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 8 BELMONT DRIVE sales from October 2001 and July 2020 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 October 2001 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the July 2020 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 8 BELMONT DRIVE be worth now?

8 BELMONT DRIVE might now be worth an estimated £313,861.

This is based on house price inflation of 25.5%, between July 2020 and February 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 25.5% inflationary increase is applied to the most recent sale price for 8 BELMONT DRIVE of £250,000 on 31st July 2020. For the value to have increased from £250,000 to £313,861 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 8 BELMONT DRIVE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The July 2020 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 8 BELMONT DRIVE has not materially changed since July 2020.

How Large is 8 BELMONT DRIVE?

8 BELMONT DRIVE is 137m² according to the EPC inspection conducted in March 2015. This puts it in the largest 30% 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 8 BELMONT DRIVE lies on this distribution: 79% of detached houses houses are smaller than 8 BELMONT DRIVE, and 21% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

8 BELMONT DRIVE: Plot and Title Map

8 BELMONT DRIVE sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 8 BELMONT 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 8 BELMONT 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 8 BELMONT DRIVE?

8 BELMONT DRIVE is located in BORROWASH, in the DE72 postcode district. The below map shows the position of No. 8 on BELMONT DRIVE.