THE OLD NICK, MATLOCK ROAD, BELPER, DE56 1BE - £445,000

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.

THE OLD NICK is a very large extended detached house of 277m², built sometime before 1900, which could now be worth an estimated £645,334. It was last sold for £445,000 in February 2018, which was around 90% above the average February 2018 detached price in the Amber Valley local authority area. The most recent EPC inspection was January 2017, where the current energy rating was E, and the potential energy rating was C.

THE OLD NICK Sold Prices

Land registry data shows two sales for THE OLD NICK 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 OLD NICK 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 16 FEB	£445,000	£234,371	90% above HPI
2014 6 JAN	£375,000	£189,821	98% above HPI

THE OLD NICK 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 OLD NICK sales from January 2014 and February 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 2014 sale was for 98% above the HPI. So the extrapolation line tracks at 98% above the HPI over time, until the February 2018 sale, where it falls to 90% above the HPI. The line then continues to track at 90% above the HPI.

What might THE OLD NICK be worth now?

THE OLD NICK might now be worth an estimated £645,334.

This is based on house price inflation of 45%, between February 2018 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 45% inflationary increase is applied to the most recent sale price for THE OLD NICK of £445,000 on 16th February 2018. For the value to have increased from £445,000 to £645,334 over the seven years to February 2025, the following assumptions must hold true:

• The value of THE OLD NICK has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The February 2018 sale price of £445,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD NICK has not materially changed since February 2018.

How Large is THE OLD NICK?

THE OLD NICK is 277m², which includes four extensions, according to the EPC inspection conducted in January 2017. This puts it in the largest 10% of detached houses houses in Belper, based on EPC data. The below chart shows the distribution of detached houses houses by size in Belper, and where THE OLD NICK lies on this distribution: 99% of detached houses houses are smaller than THE OLD NICK, and 1% of houses are larger. Note that EPC data is not available for all properties in Belper.

THE OLD NICK: Plot and Title Map

THE OLD NICK sits on a plot of roughly 0.155 of an acre, or 628m². The below map shows the location of THE OLD NICK, 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 OLD NICK). 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 OLD NICK?

THE OLD NICK is located on MATLOCK ROAD in BELPER, in the DE56 postcode district. The below map shows the position of THE OLD NICK on MATLOCK ROAD.