8, CENTRAL AVENUE, BORROWASH, DERBY, DE72 3JZ - £550,000

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 CENTRAL AVENUE is a very large extended detached house of 235m², built sometime between 1900 and 1929, which could now be worth an estimated £714,741. It was last sold for £550,000 in August 2019, which was around 124% above the average August 2019 detached price in the Erewash local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was C.

8 CENTRAL AVENUE Sold Prices

Land registry data shows three sales for 8 CENTRAL AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. All of the three 8 CENTRAL AVENUE 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
2019 30 AUG	£550,000	£245,476	124% above HPI
2008 17 JUN	£410,000	£186,053	120% above HPI
2004 23 JUL	£387,000	£172,262	125% above HPI

8 CENTRAL AVENUE 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 three 8 CENTRAL AVENUE sales between July 2004 and August 2019 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 June 2008 sale was for 120% above the HPI. So the extrapolation line tracks at 120% above the HPI over time, until the August 2019 sale, where it rises to 124% above the HPI. The line then continues to track at 124% above the HPI.

What might 8 CENTRAL AVENUE be worth now?

8 CENTRAL AVENUE might now be worth an estimated £714,741.

This is based on house price inflation of 30%, between August 2019 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 30% inflationary increase is applied to the most recent sale price for 8 CENTRAL AVENUE of £550,000 on 30th August 2019. For the value to have increased from £550,000 to £714,741 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of 8 CENTRAL AVENUE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The August 2019 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 8 CENTRAL AVENUE has not materially changed since August 2019.

How Large is 8 CENTRAL AVENUE?

8 CENTRAL AVENUE is 235m², which includes one extension, according to the EPC inspection conducted in June 2018. This puts it in the largest 10% 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 CENTRAL AVENUE lies on this distribution: 98% of detached houses houses are smaller than 8 CENTRAL AVENUE, and 2% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

8 CENTRAL AVENUE: Plot and Title Map

8 CENTRAL AVENUE sits on a plot of roughly 0.202 of an acre, or 817m². The below map shows the location of 8 CENTRAL AVENUE, 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 CENTRAL AVENUE). 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 CENTRAL AVENUE?

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