4, MERCIA CLOSE, HATTON, DERBY, DE65 5DR - £150,000

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.

4 MERCIA CLOSE is a very small extended semi-detached house of 73m², built sometime between 1950 and 1966, which could now be worth an estimated £223,246. It was last sold for £150,000 in May 2016, which was around 7% below the average May 2016 semi-detached price in the South Derbyshire local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

4 MERCIA CLOSE Sold Prices

Land registry data shows three sales for 4 MERCIA CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the South Derbyshire local authority area for the corresponding sale date. Two of the three 4 MERCIA CLOSE sales were for below the average price, whilst one 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
2016 20 MAY	£150,000	£161,263	7% below HPI
2015 23 APR	£147,450	£149,403	1% below HPI
2001 10 DEC	£77,500	£70,545	10% above HPI

4 MERCIA CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Derbyshire local authority area over time, sourced from the HPI. The three 4 MERCIA CLOSE sales between December 2001 and May 2016 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 April 2015 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the May 2016 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 4 MERCIA CLOSE be worth now?

4 MERCIA CLOSE might now be worth an estimated £223,246.

This is based on house price inflation of 48.8%, between May 2016 and May 2026, for semi-detached houses, in the South Derbyshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 48.8% inflationary increase is applied to the most recent sale price for 4 MERCIA CLOSE of £150,000 on 20th May 2016. For the value to have increased from £150,000 to £223,246 over the ten years to May 2026, the following assumptions must hold true:

• The value of 4 MERCIA CLOSE has moved in line with the HPI for semi-detached houses in the South Derbyshire local authority area.
• The May 2016 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MERCIA CLOSE has not materially changed since May 2016.

How Large is 4 MERCIA CLOSE?

4 MERCIA CLOSE is 73m², which includes two extensions, according to the EPC inspection conducted in January 2015. This puts it in the smallest 20% of semi-detached houses houses in Hatton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Hatton, and where 4 MERCIA CLOSE lies on this distribution: 17% of semi-detached houses houses are smaller than 4 MERCIA CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Hatton.

4 MERCIA CLOSE: Plot and Title Map

4 MERCIA CLOSE sits on a plot of roughly 0.097 of an acre, or 394m². The below map shows the location of 4 MERCIA 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 4 MERCIA 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 4 MERCIA CLOSE?

4 MERCIA CLOSE is located in HATTON, in the DE65 postcode district. The below map shows the position of No. 4 on MERCIA CLOSE.