38, SOVEREIGN WAY, HEANOR, DE75 7SB - £195,000

38 SOVEREIGN WAY is a very small detached house of 68m², built sometime between 1996 and 2002. It was last sold for £195,000 in May 2022, which was around 35% below the average May 2022 detached price in the Amber Valley local authority area. The most recent EPC inspection was October 2019, where the current energy rating was C, and the potential energy rating was B.

38 SOVEREIGN WAY Sold Prices

Land registry data shows five sales for 38 SOVEREIGN WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. All of the five 38 SOVEREIGN WAY 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
2022 6 MAY	£195,000	£302,170	35% below HPI
2015 31 MAR	£140,000	£205,289	32% below HPI
2010 25 MAY	£125,000	£186,183	33% below HPI
2005 4 MAR	£128,000	£180,968	29% below HPI
1998 18 DEC	£57,950	£70,708	18% below HPI

38 SOVEREIGN WAY 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 five 38 SOVEREIGN WAY sales between December 1998 and May 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 March 2015 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the May 2022 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 38 SOVEREIGN WAY?

38 SOVEREIGN WAY is 68m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 10% of detached houses in Heanor, based on EPC data. The below chart shows the distribution of detached houses by size in Heanor, and where 38 SOVEREIGN WAY lies on this distribution: 10% of detached houses are smaller than 38 SOVEREIGN WAY, and 90% of houses are larger. Note that EPC data is not available for all properties in Heanor.

38 SOVEREIGN WAY: Plot and Title Map

38 SOVEREIGN WAY sits on a plot of roughly 0.047 of an acre, or 192m². The below map shows the location of 38 SOVEREIGN 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 38 SOVEREIGN 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 38 SOVEREIGN WAY?

38 SOVEREIGN WAY is located in HEANOR, in the DE75 postcode district. The below map shows the position of No. 38 on SOVEREIGN WAY.