THE BUNGALOW, OAKERTHORPE, ALFRETON, DE55 7LN - £242,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE BUNGALOW is a very small extended detached house of 104m², built sometime between 1950 and 1966, which could now be worth an estimated £293,361. It was last sold for £242,000 in September 2021, which was around 14% below the average September 2021 detached price in the Amber Valley local authority area. The most recent EPC inspection was July 2019, where the current energy rating was E, and the potential energy rating was C.

THE BUNGALOW Sold Prices

Land registry data shows two sales for THE BUNGALOW since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. Both of the two THE BUNGALOW 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
2021 24 SEP	£242,000	£280,376	14% below HPI
2017 3 JUL	£152,500	£228,244	33% below HPI

THE BUNGALOW 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 two THE BUNGALOW sales from July 2017 and September 2021 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 2017 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the September 2021 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might THE BUNGALOW be worth now?

THE BUNGALOW might now be worth an estimated £293,361.

This is based on house price inflation of 21.2%, between September 2021 and February 2025, for detached houses, in the Amber Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21.2% inflationary increase is applied to the most recent sale price for THE BUNGALOW of £242,000 on 24th September 2021. For the value to have increased from £242,000 to £293,361 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of THE BUNGALOW has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The September 2021 sale price of £242,000 represented a fair market value for the property.
• The size, condition, and specification of THE BUNGALOW has not materially changed since September 2021.

How Large is THE BUNGALOW?

THE BUNGALOW is 104m², which includes one extension, according to the EPC inspection conducted in July 2019. This puts it in the smallest 20% of detached houses houses in Oakerthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oakerthorpe, and where THE BUNGALOW lies on this distribution: 13% of detached houses houses are smaller than THE BUNGALOW, and 87% of houses are larger. Note that EPC data is not available for all properties in Oakerthorpe.

THE BUNGALOW: Plot and Title Map

THE BUNGALOW sits on a plot of roughly 0.098 of an acre, or 395m². The below map shows the location of THE BUNGALOW, 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 THE BUNGALOW). 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 THE BUNGALOW?

THE BUNGALOW is located in OAKERTHORPE, in the DE55 postcode district. The below map shows the position of THE BUNGALOW in OAKERTHORPE.