12, MILL CLOSE, BORROWASH, DERBY, DE72 3GU - £235,000

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.

12 MILL CLOSE is a small detached house of 85m², built sometime between 1967 and 1975, which could now be worth an estimated £309,440. It was last sold for £235,000 in January 2020, which was around 4% below the average January 2020 detached price in the Erewash local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

12 MILL CLOSE Sold Prices

Land registry data shows two sales for 12 MILL 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 Erewash local authority area for the corresponding sale date. Both of the two 12 MILL CLOSE 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
2020 24 JAN	£235,000	£245,819	4% below HPI
2003 30 SEP	£132,000	£153,961	14% below HPI

12 MILL 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 two 12 MILL CLOSE sales from September 2003 and January 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 September 2003 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the January 2020 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 12 MILL CLOSE be worth now?

12 MILL CLOSE might now be worth an estimated £309,440.

This is based on house price inflation of 31.7%, between January 2020 and April 2026, 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 31.7% inflationary increase is applied to the most recent sale price for 12 MILL CLOSE of £235,000 on 24th January 2020. For the value to have increased from £235,000 to £309,440 over the five years and nine months to April 2026, the following assumptions must hold true:

• The value of 12 MILL CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The January 2020 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 12 MILL CLOSE has not materially changed since January 2020.

How Large is 12 MILL CLOSE?

12 MILL CLOSE is 85m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 30% 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 12 MILL CLOSE lies on this distribution: 26% of detached houses houses are smaller than 12 MILL CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

12 MILL CLOSE: Plot and Title Map

12 MILL CLOSE sits on a plot of roughly 0.064 of an acre, or 257m². The below map shows the location of 12 MILL 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 12 MILL 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 12 MILL CLOSE?

12 MILL CLOSE is located in BORROWASH, in the DE72 postcode district. The below map shows the position of No. 12 on MILL CLOSE.