1, BALMORAL CLOSE, HEANOR, DE75 7SN - £164,950

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.

1 BALMORAL CLOSE is a large extended detached house of 113m², built sometime between 1996 and 2002, which could now be worth an estimated £415,674. It was last sold for £164,950 in May 2003, which was around 21% above the average May 2003 detached price in the Amber Valley local authority area. The most recent EPC inspection was October 2023, where the current energy rating was C, and the potential energy rating was B.

1 BALMORAL CLOSE Sold Prices

Land registry data shows two sales for 1 BALMORAL CLOSE 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 1 BALMORAL CLOSE 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
2003 9 MAY	£164,950	£136,234	21% above HPI
1998 4 DEC	£81,000	£69,476	17% above HPI

1 BALMORAL CLOSE 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 1 BALMORAL CLOSE sales from December 1998 and May 2003 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 1998 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the May 2003 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 1 BALMORAL CLOSE be worth now?

1 BALMORAL CLOSE might now be worth an estimated £415,674.

This is based on house price inflation of 152%, between May 2003 and May 2026, 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 152% inflationary increase is applied to the most recent sale price for 1 BALMORAL CLOSE of £164,950 on 9th May 2003. For the value to have increased from £164,950 to £415,674 over the 23 years to May 2026, the following assumptions must hold true:

• The value of 1 BALMORAL CLOSE has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The May 2003 sale price of £164,950 represented a fair market value for the property.
• The size, condition, and specification of 1 BALMORAL CLOSE has not materially changed since May 2003.

How Large is 1 BALMORAL CLOSE?

1 BALMORAL CLOSE is 113m², which includes two extensions, according to the EPC inspection conducted in October 2023. This puts it in the largest 40% of detached houses houses in Heanor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heanor, and where 1 BALMORAL CLOSE lies on this distribution: 65% of detached houses houses are smaller than 1 BALMORAL CLOSE, and 33% of houses are larger. Note that EPC data is not available for all properties in Heanor.

1 BALMORAL CLOSE: Plot and Title Map

1 BALMORAL CLOSE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 1 BALMORAL CLOSE, 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 1 BALMORAL CLOSE). 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 1 BALMORAL CLOSE?

1 BALMORAL CLOSE is located in HEANOR, in the DE75 postcode district. The below map shows the position of No. 1 on BALMORAL CLOSE.