24, FIELD CLOSE, BORROWASH, DERBY, DE72 3HJ - £280,000

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.

24 FIELD CLOSE is a very small detached house of 80m², built sometime between 1950 and 1966, which could now be worth an estimated £292,870. It was last sold for £280,000 in March 2024, which was around 10% below the average March 2024 detached price in the Erewash local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was B.

24 FIELD CLOSE Sold Prices

Land registry data shows two sales for 24 FIELD 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 24 FIELD 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
2024 22 MAR	£280,000	£309,462	10% below HPI
2020 18 SEP	£185,000	£257,908	28% below HPI

24 FIELD 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 24 FIELD CLOSE sales from September 2020 and March 2024 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 2020 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the March 2024 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 24 FIELD CLOSE be worth now?

24 FIELD CLOSE might now be worth an estimated £292,870.

This is based on house price inflation of 4.6%, between March 2024 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 4.6% inflationary increase is applied to the most recent sale price for 24 FIELD CLOSE of £280,000 on 22nd March 2024. For the value to have increased from £280,000 to £292,870 over the one year and eleven months to April 2026, the following assumptions must hold true:

• The value of 24 FIELD CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The March 2024 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 24 FIELD CLOSE has not materially changed since March 2024.

How Large is 24 FIELD CLOSE?

24 FIELD CLOSE is 80m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 20% 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 24 FIELD CLOSE lies on this distribution: 19% of detached houses houses are smaller than 24 FIELD CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

24 FIELD CLOSE: Plot and Title Map

24 FIELD CLOSE sits on a plot of roughly 0.096 of an acre, or 390m². The below map shows the location of 24 FIELD 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 24 FIELD 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 24 FIELD CLOSE?

24 FIELD CLOSE is located in BORROWASH, in the DE72 postcode district. The below map shows the position of No. 24 on FIELD CLOSE.