3, FARM CLOSE, SOMERCOTES, ALFRETON, DE55 4HN - £220,950

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.

3 FARM CLOSE is a very large extended detached house of 143m², built sometime between 1900 and 1929, which could now be worth an estimated £367,375. It was last sold for £220,950 in September 2007, which was around 7% above the average September 2007 detached price in the Amber Valley local authority area. The most recent EPC inspection was June 2018, where the current energy rating was E, and the potential energy rating was C.

3 FARM CLOSE Sold Prices

Land registry data shows three sales for 3 FARM CLOSE 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 3 FARM CLOSE sales were 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
2007 28 SEP	£220,950	£205,569	7% above HPI
2003 28 MAR	£165,000	£135,863	21% above HPI
1998 7 AUG	£95,000	£68,599	38% above HPI

3 FARM CLOSE 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 3 FARM CLOSE sales between August 1998 and September 2007 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 2003 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the September 2007 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 3 FARM CLOSE be worth now?

3 FARM CLOSE might now be worth an estimated £367,375.

This is based on house price inflation of 66.3%, between September 2007 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 66.3% inflationary increase is applied to the most recent sale price for 3 FARM CLOSE of £220,950 on 28th September 2007. For the value to have increased from £220,950 to £367,375 over the nineteen years and five months to April 2026, the following assumptions must hold true:

• The value of 3 FARM CLOSE has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The September 2007 sale price of £220,950 represented a fair market value for the property.
• The size, condition, and specification of 3 FARM CLOSE has not materially changed since September 2007.

How Large is 3 FARM CLOSE?

3 FARM CLOSE is 143m², which includes one extension, according to the EPC inspection conducted in June 2018. This puts it in the largest 20% 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 3 FARM CLOSE lies on this distribution: 83% of detached houses houses are smaller than 3 FARM CLOSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Somercotes.

3 FARM CLOSE: Plot and Title Map

3 FARM CLOSE sits on a plot of roughly 0.162 of an acre, or 656m². The below map shows the location of 3 FARM 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 3 FARM 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 3 FARM CLOSE?

3 FARM CLOSE is located in SOMERCOTES, in the DE55 postcode district. The below map shows the position of No. 3 on FARM CLOSE.