MILL LEAT, BOBBIN MILL HILL, FRITCHLEY, BELPER, DE56 2HN - £360,000

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

MILL LEAT is a midsized extended detached house of 132m², built sometime between 1967 and 1975. It was last sold for £360,000 in September 2016, which was around 58% above the average September 2016 detached price in the Amber Valley local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was C.

MILL LEAT Sold Prices

Land registry data shows three sales for MILL LEAT since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. All of the three MILL LEAT 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
2016 9 SEP	£360,000	£228,004	58% above HPI
2007 27 JUL	£330,000	£205,645	60% above HPI
1997 31 OCT	£77,670	£66,720	16% above HPI

MILL LEAT 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 three MILL LEAT sales between October 1997 and September 2016 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 July 2007 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the September 2016 sale, where it falls to 58% above the HPI. The line then continues to track at 58% above the HPI.

How Large is MILL LEAT?

MILL LEAT is 132m², which includes one extension, according to the EPC inspection conducted in April 2016. This puts it in the largest 50% of detached houses in Fritchley, based on EPC data. The below chart shows the distribution of detached houses by size in Fritchley, and where MILL LEAT lies on this distribution: 58% of detached houses are smaller than MILL LEAT, and 41% of houses are larger. Note that EPC data is not available for all properties in Fritchley.

MILL LEAT: Plot and Title Map

MILL LEAT sits on a plot of roughly 0.168 of an acre, or 678m². The below map shows the location of MILL LEAT, 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 MILL LEAT). 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 MILL LEAT?

MILL LEAT is located on BOBBIN MILL HILL in FRITCHLEY, in the DE56 postcode district. The below map shows the position of MILL LEAT on BOBBIN MILL HILL.