8, MILL CLOSE, BORROWASH, DERBY, DE72 3GU - £170,000

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 MILL CLOSE is a small detached house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £307,262. It was last sold for £170,000 in August 2012, which was around 4% below the average August 2012 detached price in the Erewash local authority area. The most recent EPC inspection was April 2012, where the current energy rating was E, and the potential energy rating was C.

8 MILL CLOSE Sold Prices

Land registry data shows two sales for 8 MILL CLOSE 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. Both of the two 8 MILL CLOSE sales were for below 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
2012 24 AUG	£170,000	£176,496	4% below HPI
1997 2 JUN	£52,500	£67,068	22% below HPI

8 MILL 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 two 8 MILL CLOSE sales from June 1997 and August 2012 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 1997 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the August 2012 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 8 MILL CLOSE be worth now?

8 MILL CLOSE might now be worth an estimated £307,262.

This is based on house price inflation of 80.7%, between August 2012 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 80.7% inflationary increase is applied to the most recent sale price for 8 MILL CLOSE of £170,000 on 24th August 2012. For the value to have increased from £170,000 to £307,262 over the thirteen years and six months to February 2025, the following assumptions must hold true:

• The value of 8 MILL CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The August 2012 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MILL CLOSE has not materially changed since August 2012.

How Large is 8 MILL CLOSE?

8 MILL CLOSE is 84m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 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 MILL CLOSE lies on this distribution: 25% of detached houses houses are smaller than 8 MILL CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

8 MILL CLOSE: Plot and Title Map

8 MILL CLOSE sits on a plot of roughly 0.065 of an acre, or 262m². The below map shows the location of 8 MILL 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 MILL 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 MILL CLOSE?

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