3, MINSTER WAY, SWANWICK, ALFRETON, DE55 1FE - £152,500

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.

3 MINSTER WAY is a very small extended terraced house of 57m², built sometime between 2003 and 2006, which could now be worth an estimated £202,932. It was last sold for £152,500 in September 2020, which was around 15% above the average September 2020 terraced price in the Amber Valley local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

3 MINSTER WAY Sold Prices

Land registry data shows four sales for 3 MINSTER WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Amber Valley local authority area for the corresponding sale date. Two of the four 3 MINSTER WAY 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
2020 9 SEP	£152,500	£132,969	15% above HPI
2010 26 FEB	£85,000	£95,760	11% below HPI
2001 30 MAR	£41,750	£41,745	Close to HPI
1998 6 NOV	£36,500	£33,019	11% above HPI

3 MINSTER WAY 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 four 3 MINSTER WAY sales between November 1998 and September 2020 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 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the September 2020 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 3 MINSTER WAY be worth now?

3 MINSTER WAY might now be worth an estimated £202,932.

This is based on house price inflation of 33.1%, between September 2020 and May 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 33.1% inflationary increase is applied to the most recent sale price for 3 MINSTER WAY of £152,500 on 9th September 2020. For the value to have increased from £152,500 to £202,932 over the six years and four months to May 2026, the following assumptions must hold true:

• The value of 3 MINSTER WAY has moved in line with the HPI for terraced houses in the Amber Valley local authority area.
• The September 2020 sale price of £152,500 represented a fair market value for the property.
• The size, condition, and specification of 3 MINSTER WAY has not materially changed since September 2020.

How Large is 3 MINSTER WAY?

3 MINSTER WAY is 57m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the smallest 10% of terraced houses houses in Swanwick, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Swanwick, and where 3 MINSTER WAY lies on this distribution: 5% of terraced houses houses are smaller than 3 MINSTER WAY, and 94% of houses are larger. Note that EPC data is not available for all properties in Swanwick.

3 MINSTER WAY: Plot and Title Map

3 MINSTER WAY sits on a plot of roughly 0.036 of an acre, or 144m². The below map shows the location of 3 MINSTER WAY, 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 MINSTER WAY). 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 MINSTER WAY?

3 MINSTER WAY is located in SWANWICK, in the DE55 postcode district. The below map shows the position of No. 3 on MINSTER WAY.