PARK VIEW, WATCHORN LANE, ALFRETON, DE55 7AT - £135,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

PARK VIEW is a very small extended detached house of 73m², built sometime between 1930 and 1949. It was last sold for £135,000 in July 2011, which was around 26% below the average July 2011 detached price in the Amber Valley local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was B.

PARK VIEW Sold Prices

Land registry data shows four sales for PARK VIEW since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. All of the four PARK VIEW 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
2011 6 JUL	£135,000	£182,831	26% below HPI
2003 10 DEC	£119,950	£157,129	24% below HPI
2001 7 SEP	£75,000	£95,345	21% below HPI
1995 4 SEP	£45,000	£60,033	25% below HPI

PARK VIEW 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 four PARK VIEW sales between September 1995 and July 2011 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 2003 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the July 2011 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is PARK VIEW?

PARK VIEW is 73m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the smallest 10% of detached houses in Alfreton, based on EPC data. The below chart shows the distribution of detached houses by size in Alfreton, and where PARK VIEW lies on this distribution: 9% of detached houses are smaller than PARK VIEW, and 91% of houses are larger. Note that EPC data is not available for all properties in Alfreton.

PARK VIEW: Plot and Title Map

PARK VIEW sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of PARK VIEW, 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 PARK VIEW). 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 PARK VIEW?

PARK VIEW is located on WATCHORN LANE in ALFRETON, in the DE55 postcode district. The below map shows the position of PARK VIEW on WATCHORN LANE.