8, PARGATE CLOSE, MAREHAY, RIPLEY, DE5 8JU - £220,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 PARGATE CLOSE is a midsized detached house of 95m², built sometime between 2003 and 2006. It was last sold for £220,000 in August 2016, which was around 3% below the average August 2016 detached price in the Amber Valley local authority area. The most recent EPC inspection was November 2015, where the current energy rating was C, and the potential energy rating was B.

8 PARGATE CLOSE Sold Prices

Land registry data shows three sales for 8 PARGATE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. One of the three 8 PARGATE CLOSE sales was for below the average price, whilst two 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 12 AUG	£220,000	£226,603	3% below HPI
2003 28 NOV	£168,500	£152,876	10% above HPI
2000 25 MAY	£96,950	£79,776	22% above HPI

8 PARGATE CLOSE 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 three 8 PARGATE CLOSE sales between May 2000 and August 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 November 2003 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the August 2016 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 8 PARGATE CLOSE?

8 PARGATE CLOSE is 95m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 50% of detached houses in Ripley, based on EPC data. The below chart shows the distribution of detached houses by size in Ripley, and where 8 PARGATE CLOSE lies on this distribution: 45% of detached houses are smaller than 8 PARGATE CLOSE, and 54% of houses are larger. Note that EPC data is not available for all properties in Ripley.

8 PARGATE CLOSE: Plot and Title Map

8 PARGATE CLOSE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 8 PARGATE 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 PARGATE 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 PARGATE CLOSE?

8 PARGATE CLOSE is located in MAREHAY, in the DE5 postcode district. The below map shows the position of No. 8 on PARGATE CLOSE.