8, FAIRES CLOSE, BORROWASH, DERBY, DE72 3XP - £255,000

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 FAIRES CLOSE is a large detached house of 118m², built sometime between 1983 and 1990, which could now be worth an estimated £383,931. It was last sold for £255,000 in February 2016, which was around 20% above the average February 2016 detached price in the Erewash local authority area. The most recent EPC inspection was March 2009, where the current energy rating was D, and the potential energy rating was D.

8 FAIRES CLOSE Sold Prices

Land registry data shows four sales for 8 FAIRES 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 Erewash local authority area for the corresponding sale date. All of the four 8 FAIRES 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
2016 26 FEB	£255,000	£211,876	20% above HPI
2009 3 SEP	£200,000	£171,299	17% above HPI
2002 1 MAY	£127,000	£105,498	20% above HPI
1999 9 AUG	£87,750	£73,247	20% above HPI

8 FAIRES CLOSE 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 8 FAIRES CLOSE sales between August 1999 and February 2016 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 2009 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the February 2016 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 8 FAIRES CLOSE be worth now?

8 FAIRES CLOSE might now be worth an estimated £383,931.

This is based on house price inflation of 50.6%, between February 2016 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 50.6% inflationary increase is applied to the most recent sale price for 8 FAIRES CLOSE of £255,000 on 26th February 2016. For the value to have increased from £255,000 to £383,931 over the nine years to February 2025, the following assumptions must hold true:

• The value of 8 FAIRES CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The February 2016 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 8 FAIRES CLOSE has not materially changed since February 2016.

How Large is 8 FAIRES CLOSE?

8 FAIRES CLOSE is 118m² according to the EPC inspection conducted in March 2009. This puts it in the largest 40% 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 FAIRES CLOSE lies on this distribution: 62% of detached houses houses are smaller than 8 FAIRES CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

8 FAIRES CLOSE: Plot and Title Map

8 FAIRES CLOSE sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 8 FAIRES 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 8 FAIRES 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 8 FAIRES CLOSE?

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