CHERRYWOOD, MIDLAND ROAD, HEANOR, DE75 7PN - £208,000

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.

CHERRYWOOD is a small detached house of 91m², which could now be worth an estimated £254,493. It was last sold for £208,000 in May 2021, which was around 25% below the average May 2021 detached price in the Amber Valley local authority area. The most recent EPC inspection was November 2020, where the current energy rating was B, and the potential energy rating was A.

CHERRYWOOD Sold Prices

Land registry data shows two sales for CHERRYWOOD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. Both of the two CHERRYWOOD 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
2021 21 MAY	£208,000	£277,789	25% below HPI
2019 10 DEC	£40,000	£252,708	84% below HPI

CHERRYWOOD 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 two CHERRYWOOD sales from December 2019 and May 2021 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 2019 sale was for 84% below the HPI. So the extrapolation line tracks at 84% below the HPI over time, until the May 2021 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might CHERRYWOOD be worth now?

CHERRYWOOD might now be worth an estimated £254,493.

This is based on house price inflation of 22.4%, between May 2021 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 22.4% inflationary increase is applied to the most recent sale price for CHERRYWOOD of £208,000 on 21st May 2021. For the value to have increased from £208,000 to £254,493 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of CHERRYWOOD has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The May 2021 sale price of £208,000 represented a fair market value for the property.
• The size, condition, and specification of CHERRYWOOD has not materially changed since May 2021.

How Large is CHERRYWOOD?

CHERRYWOOD is 91m² according to the EPC inspection conducted in November 2020. This puts it in the smallest 40% 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 CHERRYWOOD lies on this distribution: 39% of detached houses houses are smaller than CHERRYWOOD, and 60% of houses are larger. Note that EPC data is not available for all properties in Heanor.

CHERRYWOOD: Plot and Title Map

CHERRYWOOD sits on a plot of roughly 0.049 of an acre, or 197m². The below map shows the location of CHERRYWOOD, 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 CHERRYWOOD). 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 CHERRYWOOD?

CHERRYWOOD is located on MIDLAND ROAD in HEANOR, in the DE75 postcode district. The below map shows the position of CHERRYWOOD on MIDLAND ROAD.