8, TOWLE CLOSE, BORROWASH, DERBY, DE72 3FJ - £201,500

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 TOWLE CLOSE is a midsized detached house of 113m², built sometime between 1967 and 1975, which could now be worth an estimated £347,093. It was last sold for £201,500 in March 2014, which was around 9% above the average March 2014 detached price in the Erewash local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was C.

8 TOWLE CLOSE Sold Prices

Land registry data shows three sales for 8 TOWLE 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 Erewash local authority area for the corresponding sale date. All of the three 8 TOWLE 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
2014 14 MAR	£201,500	£185,193	9% above HPI
2010 3 SEP	£200,000	£184,266	9% above HPI
2003 17 JUL	£150,000	£148,878	1% above HPI

8 TOWLE 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 three 8 TOWLE CLOSE sales between July 2003 and March 2014 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 2010 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the March 2014 sale, which was also at 9% above the HPI.

What might 8 TOWLE CLOSE be worth now?

8 TOWLE CLOSE might now be worth an estimated £347,093.

This is based on house price inflation of 72.3%, between March 2014 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 72.3% inflationary increase is applied to the most recent sale price for 8 TOWLE CLOSE of £201,500 on 14th March 2014. For the value to have increased from £201,500 to £347,093 over the eleven years and one month to February 2025, the following assumptions must hold true:

• The value of 8 TOWLE CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The March 2014 sale price of £201,500 represented a fair market value for the property.
• The size, condition, and specification of 8 TOWLE CLOSE has not materially changed since March 2014.

How Large is 8 TOWLE CLOSE?

8 TOWLE CLOSE is 113m² according to the EPC inspection conducted in April 2010. This puts it in the largest 50% 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 TOWLE CLOSE lies on this distribution: 59% of detached houses houses are smaller than 8 TOWLE CLOSE, and 41% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

8 TOWLE CLOSE: Plot and Title Map

8 TOWLE CLOSE sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 8 TOWLE 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 TOWLE 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 TOWLE CLOSE?

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