296, SOMERCOTES HILL, SOMERCOTES, ALFRETON, DE55 4TD - £119,950

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.

296 SOMERCOTES HILL is a midsized extended terraced house of 88m², built sometime between 1930 and 1949, which could now be worth an estimated £137,694. It was last sold for £119,950 in June 2022, which was around 22% below the average June 2022 terraced price in the Amber Valley local authority area. The most recent EPC inspection was December 2021, where the current energy rating was D, and the potential energy rating was C.

296 SOMERCOTES HILL Sold Prices

Land registry data shows two sales for 296 SOMERCOTES HILL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Amber Valley local authority area for the corresponding sale date. One of the two 296 SOMERCOTES HILL sales was for below the average price, whilst the other was for above 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 24 JUN	£119,950	£153,971	22% below HPI
2004 30 JUN	£85,000	£83,231	2% above HPI

296 SOMERCOTES HILL 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 two 296 SOMERCOTES HILL sales from June 2004 and June 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 June 2004 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the June 2022 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 296 SOMERCOTES HILL be worth now?

296 SOMERCOTES HILL might now be worth an estimated £137,694.

This is based on house price inflation of 14.8%, between June 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 14.8% inflationary increase is applied to the most recent sale price for 296 SOMERCOTES HILL of £119,950 on 24th June 2022. For the value to have increased from £119,950 to £137,694 over the four years and two months to April 2026, the following assumptions must hold true:

• The value of 296 SOMERCOTES HILL has moved in line with the HPI for terraced houses in the Amber Valley local authority area.
• The June 2022 sale price of £119,950 represented a fair market value for the property.
• The size, condition, and specification of 296 SOMERCOTES HILL has not materially changed since June 2022.

How Large is 296 SOMERCOTES HILL?

296 SOMERCOTES HILL is 88m², which includes two extensions, according to the EPC inspection conducted in December 2021. This puts it in the smallest 40% 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 296 SOMERCOTES HILL lies on this distribution: 40% of terraced houses houses are smaller than 296 SOMERCOTES HILL, and 58% of houses are larger. Note that EPC data is not available for all properties in Somercotes.

296 SOMERCOTES HILL: Plot and Title Map

296 SOMERCOTES HILL sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 296 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 296 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 296 SOMERCOTES HILL?

296 SOMERCOTES HILL is located in SOMERCOTES, in the DE55 postcode district. The below map shows the position of No. 296 on SOMERCOTES HILL.