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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 FAIRES CLOSE is a large detached house of 118m², built sometime between 1983 and 1990. It was last sold for £255,000 in February 2016, which was around 24% 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	£205,513	24% above HPI
2009 3 SEP	£200,000	£166,154	20% above HPI
2002 1 MAY	£127,000	£102,329	24% above HPI
1999 9 AUG	£87,750	£71,047	24% 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 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the February 2016 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

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 in Borrowash, based on EPC data. The below chart shows the distribution of detached houses by size in Borrowash, and where 8 FAIRES CLOSE lies on this distribution: 63% of detached houses are smaller than 8 FAIRES CLOSE, and 37% 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.