GROVE HOUSE, HANGING BRIDGE, MAYFIELD ROAD, MAYFIELD, ASHBOURNE, DE6 2BN - £475,000

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.

GROVE HOUSE is a very large extended detached house of 168m², built sometime between 1991 and 1995, which could now be worth an estimated £650,395. It was last sold for £475,000 in March 2018, which was around 36% above the average March 2018 detached price in the Derbyshire Dales local authority area. The most recent EPC inspection was December 2016, where the current energy rating was C, and the potential energy rating was C.

GROVE HOUSE Sold Prices

Land registry data shows three sales for GROVE HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Derbyshire Dales local authority area for the corresponding sale date. All of the three GROVE HOUSE 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
2018 2 MAR	£475,000	£350,025	36% above HPI
2003 21 JAN	£245,000	£196,090	25% above HPI
2002 11 JAN	£195,000	£147,380	32% above HPI

GROVE HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Derbyshire Dales local authority area over time, sourced from the HPI. The three GROVE HOUSE sales between January 2002 and March 2018 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 2003 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the March 2018 sale, where it rises to 36% above the HPI. The line then continues to track at 36% above the HPI.

What might GROVE HOUSE be worth now?

GROVE HOUSE might now be worth an estimated £650,395.

This is based on house price inflation of 36.9%, between March 2018 and February 2025, for detached houses, in the Derbyshire Dales local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 36.9% inflationary increase is applied to the most recent sale price for GROVE HOUSE of £475,000 on 2nd March 2018. For the value to have increased from £475,000 to £650,395 over the seven years and one month to February 2025, the following assumptions must hold true:

• The value of GROVE HOUSE has moved in line with the HPI for detached houses in the Derbyshire Dales local authority area.
• The March 2018 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of GROVE HOUSE has not materially changed since March 2018.

How Large is GROVE HOUSE?

GROVE HOUSE is 168m², which includes one extension, according to the EPC inspection conducted in December 2016. This puts it in the largest 20% 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 GROVE HOUSE lies on this distribution: 83% of detached houses houses are smaller than GROVE HOUSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Mayfield.

GROVE HOUSE: Plot and Title Map

GROVE HOUSE sits on a plot of roughly 0.346 of an acre, or 1,401m². The below map shows the location of GROVE HOUSE, 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 GROVE HOUSE). 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 GROVE HOUSE?

GROVE HOUSE, HANGING BRIDGE is located on MAYFIELD ROAD in MAYFIELD, in the DE6 postcode district. The below map shows the position of GROVE HOUSE, HANGING BRIDGE on MAYFIELD ROAD.