3, WEYACRES, BORROWASH, DERBY, DE72 3QT - £412,500

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 WEYACRES is a very large detached house of 159m², built sometime between 1976 and 1982, which could now be worth an estimated £544,724. It was last sold for £412,500 in December 2019, which was around 68% above the average December 2019 detached price in the Erewash local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

3 WEYACRES Sold Prices

Land registry data shows three sales for 3 WEYACRES 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. All of the three 3 WEYACRES 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
2019 16 DEC	£412,500	£245,116	68% above HPI
2005 14 NOV	£295,000	£178,673	65% above HPI
1998 29 MAY	£128,000	£70,489	82% above HPI

3 WEYACRES 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 3 WEYACRES sales between May 1998 and December 2019 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 November 2005 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the December 2019 sale, where it rises to 68% above the HPI. The line then continues to track at 68% above the HPI.

What might 3 WEYACRES be worth now?

3 WEYACRES might now be worth an estimated £544,724.

This is based on house price inflation of 32.1%, between December 2019 and April 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 32.1% inflationary increase is applied to the most recent sale price for 3 WEYACRES of £412,500 on 16th December 2019. For the value to have increased from £412,500 to £544,724 over the seven years and eight months to April 2026, the following assumptions must hold true:

• The value of 3 WEYACRES has moved in line with the HPI for detached houses in the Erewash local authority area.
• The December 2019 sale price of £412,500 represented a fair market value for the property.
• The size, condition, and specification of 3 WEYACRES has not materially changed since December 2019.

How Large is 3 WEYACRES?

3 WEYACRES is 159m² according to the EPC inspection conducted in September 2019. This puts it in the largest 20% of detached houses houses in Borrowash, based on EPC data. The below chart shows the distribution of detached houses houses by size in Borrowash, and where 3 WEYACRES lies on this distribution: 87% of detached houses houses are smaller than 3 WEYACRES, and 13% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

3 WEYACRES: Plot and Title Map

3 WEYACRES sits on a plot of roughly 0.154 of an acre, or 623m². The below map shows the location of 3 WEYACRES, 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 WEYACRES). 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 WEYACRES?

3 WEYACRES is located in BORROWASH, in the DE72 postcode district. The below map shows the position of No. 3 on WEYACRES.