14, TOWER CLOSE, SOMERCOTES, ALFRETON, DE55 1SB - £82,500

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.

14 TOWER CLOSE is a small extended terraced house of 72m², built sometime between 1900 and 1929, which could now be worth an estimated £94,827. It was last sold for £82,500 in March 2022, which was around 46% below the average March 2022 terraced 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 B.

14 TOWER CLOSE Sold Prices

Land registry data shows four sales for 14 TOWER CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Amber Valley local authority area for the corresponding sale date. All of the four 14 TOWER 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
2022 11 MAR	£82,500	£153,772	46% below HPI
2017 1 DEC	£83,000	£120,770	31% below HPI
2006 12 DEC	£86,500	£107,029	19% below HPI
2001 30 MAR	£26,750	£41,745	36% below HPI

14 TOWER CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Amber Valley local authority area over time, sourced from the HPI. The four 14 TOWER CLOSE sales between March 2001 and March 2022 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 2017 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the March 2022 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

What might 14 TOWER CLOSE be worth now?

14 TOWER CLOSE might now be worth an estimated £94,827.

This is based on house price inflation of 14.9%, between March 2022 and April 2026, for terraced 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 14.9% inflationary increase is applied to the most recent sale price for 14 TOWER CLOSE of £82,500 on 11th March 2022. For the value to have increased from £82,500 to £94,827 over the three years and eleven months to April 2026, the following assumptions must hold true:

• The value of 14 TOWER CLOSE has moved in line with the HPI for terraced houses in the Amber Valley local authority area.
• The March 2022 sale price of £82,500 represented a fair market value for the property.
• The size, condition, and specification of 14 TOWER CLOSE has not materially changed since March 2022.

How Large is 14 TOWER CLOSE?

14 TOWER CLOSE is 72m², which includes one extension, according to the EPC inspection conducted in January 2017. This puts it in the smallest 30% of terraced houses houses in Somercotes, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Somercotes, and where 14 TOWER CLOSE lies on this distribution: 23% of terraced houses houses are smaller than 14 TOWER CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Somercotes.

14 TOWER CLOSE: Plot and Title Map

14 TOWER CLOSE sits on a plot of roughly 0.061 of an acre, or 245m². The below map shows the location of 14 TOWER 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 14 TOWER 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 14 TOWER CLOSE?

14 TOWER CLOSE is located in SOMERCOTES, in the DE55 postcode district. The below map shows the position of No. 14 on TOWER CLOSE.