FERNLEA, CHURCH LANE, MAYFIELD, ASHBOURNE, DE6 2JR - £270,000

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.

FERNLEA is a very small detached house of 76m², built sometime between 1950 and 1966, which could now be worth an estimated £344,725. It was last sold for £270,000 in April 2019, which was around 1% above the average April 2019 detached price in the East Staffordshire local authority area. The most recent EPC inspection was October 2010, where the current energy rating was D, and the potential energy rating was C.

FERNLEA Sold Prices

Land registry data shows two sales for FERNLEA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Staffordshire local authority area for the corresponding sale date. One of the two FERNLEA 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 24 APR	£270,000	£268,370	1% above HPI
2012 29 JUN	£197,500	£201,196	2% below HPI

FERNLEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Staffordshire local authority area over time, sourced from the HPI. The two FERNLEA sales from June 2012 and April 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 June 2012 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the April 2019 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might FERNLEA be worth now?

FERNLEA might now be worth an estimated £344,725.

This is based on house price inflation of 27.7%, between April 2019 and February 2025, for detached houses, in the East Staffordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.7% inflationary increase is applied to the most recent sale price for FERNLEA of £270,000 on 24th April 2019. For the value to have increased from £270,000 to £344,725 over the six years and two months to February 2025, the following assumptions must hold true:

• The value of FERNLEA has moved in line with the HPI for detached houses in the East Staffordshire local authority area.
• The April 2019 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of FERNLEA has not materially changed since April 2019.

How Large is FERNLEA?

FERNLEA is 76m² according to the EPC inspection conducted in October 2010. This puts it in the smallest 10% of detached houses houses in Mayfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mayfield, and where FERNLEA lies on this distribution: 6% of detached houses houses are smaller than FERNLEA, and 94% of houses are larger. Note that EPC data is not available for all properties in Mayfield.

FERNLEA: Plot and Title Map

FERNLEA sits on a plot of roughly 0.086 of an acre, or 347m². The below map shows the location of FERNLEA, 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 FERNLEA). 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 FERNLEA?

FERNLEA is located on CHURCH LANE in MAYFIELD, in the DE6 postcode district. The below map shows the position of FERNLEA on CHURCH LANE.