FAIRMEAD, DERBY ROAD, RISLEY, DERBY, DE72 3SS - £775,000

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

FAIRMEAD is a very large extended detached house of 317m², built sometime from 2007 onwards. It was last sold for £775,000 in August 2019, which was around 225% above the average August 2019 detached price in the Erewash local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was C.

FAIRMEAD Sold Prices

Land registry data shows two sales for FAIRMEAD 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. One of the two FAIRMEAD sales was for above the average price, whilst the other was 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
2019 16 AUG	£775,000	£238,103	225% above HPI
2010 22 JAN	£160,000	£166,550	4% below HPI

FAIRMEAD 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 FAIRMEAD sales from January 2010 and August 2019 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 January 2010 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the August 2019 sale, where it rises to 225% above the HPI. The line then continues to track at 225% above the HPI.

How Large is FAIRMEAD?

FAIRMEAD is 317m², which includes two extensions, according to the EPC inspection conducted in May 2017. This puts it in the largest 10% of detached houses in Risley, based on EPC data. The below chart shows the distribution of detached houses by size in Risley, and where FAIRMEAD lies on this distribution: 97% of detached houses are smaller than FAIRMEAD, and 3% of houses are larger. Note that EPC data is not available for all properties in Risley.

FAIRMEAD: Plot and Title Map

FAIRMEAD sits on a plot of roughly 0.220 of an acre, or 890m². The below map shows the location of FAIRMEAD, 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 FAIRMEAD). 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 FAIRMEAD?

FAIRMEAD is located on DERBY ROAD in RISLEY, in the DE72 postcode district. The below map shows the position of FAIRMEAD on DERBY ROAD.