28, COLLIER LANE, OCKBROOK, DERBY, DE72 3RP - £345,000

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.

28 COLLIER LANE is a very small detached house of 56m², built sometime between 1976 and 1982, which could now be worth an estimated £359,931. It was last sold for £345,000 in August 2022, which was around 9% above the average August 2022 detached price in the Erewash local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was B.

28 COLLIER LANE Sold Prices

Land registry data shows three sales for 28 COLLIER LANE 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. Two of the three 28 COLLIER LANE sales were for above the average price, whilst one was 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 15 AUG	£345,000	£316,605	9% above HPI
2019 16 AUG	£275,000	£245,476	12% above HPI
2018 5 OCT	£195,000	£242,082	19% below HPI

28 COLLIER LANE 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 28 COLLIER LANE sales between October 2018 and August 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 August 2019 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the August 2022 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 28 COLLIER LANE be worth now?

28 COLLIER LANE might now be worth an estimated £359,931.

This is based on house price inflation of 4.3%, between August 2022 and May 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 4.3% inflationary increase is applied to the most recent sale price for 28 COLLIER LANE of £345,000 on 15th August 2022. For the value to have increased from £345,000 to £359,931 over the four years and three months to May 2026, the following assumptions must hold true:

• The value of 28 COLLIER LANE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The August 2022 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 28 COLLIER LANE has not materially changed since August 2022.

How Large is 28 COLLIER LANE?

28 COLLIER LANE is 56m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 10% of detached houses houses in Ockbrook, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ockbrook, and where 28 COLLIER LANE lies on this distribution: Less than 1% of detached houses houses are smaller than 28 COLLIER LANE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Ockbrook.

28 COLLIER LANE: Plot and Title Map

28 COLLIER LANE sits on a plot of roughly 0.088 of an acre, or 358m². The below map shows the location of 28 COLLIER LANE, 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 28 COLLIER LANE). 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 28 COLLIER LANE?

28 COLLIER LANE is located in OCKBROOK, in the DE72 postcode district. The below map shows the position of No. 28 on COLLIER LANE.