8, MONARCH WAY, HEANOR, DE75 7SZ - £175,000

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 MONARCH WAY is a very small detached house of 68m², built sometime between 1991 and 1995, which could now be worth an estimated £235,161. It was last sold for £175,000 in April 2020, which was around 31% below the average April 2020 detached price in the Amber Valley local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was B.

8 MONARCH WAY Sold Prices

Land registry data shows six sales for 8 MONARCH WAY since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. All of the six 8 MONARCH WAY 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
2020 24 APR	£175,000	£252,930	31% below HPI
2011 12 DEC	£110,000	£180,570	39% below HPI
2011 27 MAY	£125,000	£180,609	31% below HPI
2004 14 MAY	£125,950	£165,193	24% below HPI
2001 18 MAY	£67,000	£91,341	27% below HPI
1999 20 AUG	£59,500	£76,301	22% below HPI

8 MONARCH WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Amber Valley local authority area over time, sourced from the HPI. The six 8 MONARCH WAY sales between August 1999 and April 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 December 2011 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the April 2020 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 8 MONARCH WAY be worth now?

8 MONARCH WAY might now be worth an estimated £235,161.

This is based on house price inflation of 34.4%, between April 2020 and February 2025, for detached houses, in the Amber Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 34.4% inflationary increase is applied to the most recent sale price for 8 MONARCH WAY of £175,000 on 24th April 2020. For the value to have increased from £175,000 to £235,161 over the five years and two months to February 2025, the following assumptions must hold true:

• The value of 8 MONARCH WAY has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The April 2020 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MONARCH WAY has not materially changed since April 2020.

How Large is 8 MONARCH WAY?

8 MONARCH WAY is 68m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 10% of detached houses houses in Heanor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heanor, and where 8 MONARCH WAY lies on this distribution: 10% of detached houses houses are smaller than 8 MONARCH WAY, and 90% of houses are larger. Note that EPC data is not available for all properties in Heanor.

8 MONARCH WAY: Plot and Title Map

8 MONARCH WAY sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 8 MONARCH WAY, 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 MONARCH WAY). 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 MONARCH WAY?

8 MONARCH WAY is located in HEANOR, in the DE75 postcode district. The below map shows the position of No. 8 on MONARCH WAY.