248, SOMERCOTES HILL, SOMERCOTES, ALFRETON, DE55 4JS - £279,500

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.

248 SOMERCOTES HILL is a large detached house of 112m², built sometime between 1996 and 2002, which could now be worth an estimated £309,411. It was last sold for £279,500 in July 2023, which was around 9% below the average July 2023 detached price in the Amber Valley local authority area. The most recent EPC inspection was April 2021, where the current energy rating was C, and the potential energy rating was C.

248 SOMERCOTES HILL Sold Prices

Land registry data shows three sales for 248 SOMERCOTES HILL since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. All of the three 248 SOMERCOTES HILL 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
2023 19 JUL	£279,500	£308,759	9% below HPI
2010 1 FEB	£169,995	£180,981	6% below HPI
2007 28 MAR	£170,000	£195,672	13% below HPI

248 SOMERCOTES HILL 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 three 248 SOMERCOTES HILL sales between March 2007 and July 2023 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 February 2010 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the July 2023 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 248 SOMERCOTES HILL be worth now?

248 SOMERCOTES HILL might now be worth an estimated £309,411.

This is based on house price inflation of 10.7%, between July 2023 and April 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 10.7% inflationary increase is applied to the most recent sale price for 248 SOMERCOTES HILL of £279,500 on 19th July 2023. For the value to have increased from £279,500 to £309,411 over the three years and three months to April 2026, the following assumptions must hold true:

• The value of 248 SOMERCOTES HILL has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The July 2023 sale price of £279,500 represented a fair market value for the property.
• The size, condition, and specification of 248 SOMERCOTES HILL has not materially changed since July 2023.

How Large is 248 SOMERCOTES HILL?

248 SOMERCOTES HILL is 112m² according to the EPC inspection conducted in April 2021. This puts it in the largest 40% of detached houses houses in Somercotes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Somercotes, and where 248 SOMERCOTES HILL lies on this distribution: 60% of detached houses houses are smaller than 248 SOMERCOTES HILL, and 39% of houses are larger. Note that EPC data is not available for all properties in Somercotes.

248 SOMERCOTES HILL: Plot and Title Map

248 SOMERCOTES HILL sits on a plot of roughly 0.144 of an acre, or 583m². The below map shows the location of 248 SOMERCOTES HILL, 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 248 SOMERCOTES HILL). 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 248 SOMERCOTES HILL?

248 SOMERCOTES HILL is located in SOMERCOTES, in the DE55 postcode district. The below map shows the position of No. 248 on SOMERCOTES HILL.