4, PARES WAY, OCKBROOK, DERBY, DE72 3TJ - £185,000

4 PARES WAY is a very small detached house of 72m², built sometime between 1967 and 1975. It was last sold for £185,000 in June 2017, which was around 17% below the average June 2017 detached price in the Erewash local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was C.

4 PARES WAY Sold Prices

Land registry data shows two sales for 4 PARES WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. Both of the two 4 PARES 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
2017 23 JUN	£185,000	£221,739	17% below HPI
2016 7 NOV	£119,407	£214,816	44% below HPI

4 PARES WAY 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 two 4 PARES WAY sales from November 2016 and June 2017 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 2016 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the June 2017 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 4 PARES WAY?

4 PARES WAY is 72m² according to the EPC inspection conducted in February 2023. This puts it in the smallest 20% of detached houses in Ockbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Ockbrook, and where 4 PARES WAY lies on this distribution: 12% of detached houses are smaller than 4 PARES WAY, and 88% of houses are larger. Note that EPC data is not available for all properties in Ockbrook.

4 PARES WAY: Plot and Title Map

4 PARES WAY sits on a plot of roughly 0.046 of an acre, or 186m². The below map shows the location of 4 PARES 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 4 PARES 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 4 PARES WAY?

4 PARES WAY is located in OCKBROOK, in the DE72 postcode district. The below map shows the position of No. 4 on PARES WAY.