294, SOMERCOTES HILL, SOMERCOTES, ALFRETON, DE55 4TD - £95,000

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.

294 SOMERCOTES HILL is a very small semi-detached house of 68m², built sometime between 1930 and 1949, which could now be worth an estimated £165,904. It was last sold for £95,000 in February 2008, which was around 25% below the average February 2008 semi-detached price in the Amber Valley local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

294 SOMERCOTES HILL Sold Prices

Land registry data shows two sales for 294 SOMERCOTES HILL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Amber Valley local authority area for the corresponding sale date. Both of the two 294 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
2008 22 FEB	£95,000	£127,013	25% below HPI
2007 16 MAR	£96,000	£127,528	25% below HPI

294 SOMERCOTES HILL Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Amber Valley local authority area over time, sourced from the HPI. The two 294 SOMERCOTES HILL sales from March 2007 and February 2008 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 March 2007 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the February 2008 sale, which was also at 25% below the HPI.

What might 294 SOMERCOTES HILL be worth now?

294 SOMERCOTES HILL might now be worth an estimated £165,904.

This is based on house price inflation of 74.6%, between February 2008 and April 2026, for semi-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 74.6% inflationary increase is applied to the most recent sale price for 294 SOMERCOTES HILL of £95,000 on 22nd February 2008. For the value to have increased from £95,000 to £165,904 over the seventeen years and ten months to April 2026, the following assumptions must hold true:

• The value of 294 SOMERCOTES HILL has moved in line with the HPI for semi-detached houses in the Amber Valley local authority area.
• The February 2008 sale price of £95,000 represented a fair market value for the property.
• The size, condition, and specification of 294 SOMERCOTES HILL has not materially changed since February 2008.

How Large is 294 SOMERCOTES HILL?

294 SOMERCOTES HILL is 68m² according to the EPC inspection conducted in March 2011. This puts it in the smallest 20% of semi-detached houses houses in Somercotes, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Somercotes, and where 294 SOMERCOTES HILL lies on this distribution: 17% of semi-detached houses houses are smaller than 294 SOMERCOTES HILL, and 83% of houses are larger. Note that EPC data is not available for all properties in Somercotes.

294 SOMERCOTES HILL: Plot and Title Map

294 SOMERCOTES HILL sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 294 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 294 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 294 SOMERCOTES HILL?

294 SOMERCOTES HILL is located in SOMERCOTES, in the DE55 postcode district. The below map shows the position of No. 294 on SOMERCOTES HILL.