1, FOSSE CLOSE, BORROWASH, DERBY, DE72 3NN - £252,500

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 FOSSE CLOSE is a midsized extended detached house of 94m², built sometime between 1996 and 2002, which could now be worth an estimated £325,989. It was last sold for £252,500 in February 2020, which was around 2% above the average February 2020 detached price in the Erewash local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was B.

1 FOSSE CLOSE Sold Prices

Land registry data shows three sales for 1 FOSSE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. All of the three 1 FOSSE 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
2020 28 FEB	£252,500	£247,089	2% above HPI
1999 26 JUL	£76,500	£71,829	7% above HPI
1998 22 MAY	£77,950	£70,489	11% above HPI

1 FOSSE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Erewash local authority area over time, sourced from the HPI. The three 1 FOSSE CLOSE sales between May 1998 and February 2020 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 1999 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the February 2020 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 1 FOSSE CLOSE be worth now?

1 FOSSE CLOSE might now be worth an estimated £325,989.

This is based on house price inflation of 29.1%, between February 2020 and February 2025, for detached houses, in the Erewash local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 29.1% inflationary increase is applied to the most recent sale price for 1 FOSSE CLOSE of £252,500 on 28th February 2020. For the value to have increased from £252,500 to £325,989 over the five years to February 2025, the following assumptions must hold true:

• The value of 1 FOSSE CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The February 2020 sale price of £252,500 represented a fair market value for the property.
• The size, condition, and specification of 1 FOSSE CLOSE has not materially changed since February 2020.

How Large is 1 FOSSE CLOSE?

1 FOSSE CLOSE is 94m², which includes two extensions, according to the EPC inspection conducted in June 2019. This puts it in the smallest 50% of detached houses houses in Borrowash, based on EPC data. The below chart shows the distribution of detached houses houses by size in Borrowash, and where 1 FOSSE CLOSE lies on this distribution: 40% of detached houses houses are smaller than 1 FOSSE CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

1 FOSSE CLOSE: Plot and Title Map

1 FOSSE CLOSE sits on a plot of roughly 0.057 of an acre, or 230m². The below map shows the location of 1 FOSSE 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 FOSSE 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 FOSSE CLOSE?

1 FOSSE CLOSE is located in BORROWASH, in the DE72 postcode district. The below map shows the position of No. 1 on FOSSE CLOSE.