4, ROYAL CLOSE, BORROWASH, DERBY, DE72 3XB - £550,000

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 ROYAL CLOSE is a very large extended detached house of 216m², built sometime between 1950 and 1966, which could now be worth an estimated £571,078. It was last sold for £550,000 in June 2022, which was around 76% above the average June 2022 detached price in the Erewash local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was C.

4 ROYAL CLOSE Sold Prices

Land registry data shows two sales for 4 ROYAL CLOSE 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 ROYAL CLOSE 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
2022 17 JUN	£550,000	£311,739	76% above HPI
2018 5 JAN	£290,000	£233,699	24% above HPI

4 ROYAL CLOSE 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 ROYAL CLOSE sales from January 2018 and June 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 January 2018 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the June 2022 sale, where it rises to 76% above the HPI. The line then continues to track at 76% above the HPI.

What might 4 ROYAL CLOSE be worth now?

4 ROYAL CLOSE might now be worth an estimated £571,078.

This is based on house price inflation of 3.8%, between June 2022 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 3.8% inflationary increase is applied to the most recent sale price for 4 ROYAL CLOSE of £550,000 on 17th June 2022. For the value to have increased from £550,000 to £571,078 over the four years and two months to April 2026, the following assumptions must hold true:

• The value of 4 ROYAL CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The June 2022 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 4 ROYAL CLOSE has not materially changed since June 2022.

How Large is 4 ROYAL CLOSE?

4 ROYAL CLOSE is 216m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the largest 10% 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 4 ROYAL CLOSE lies on this distribution: 95% of detached houses houses are smaller than 4 ROYAL CLOSE, and 5% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

4 ROYAL CLOSE: Plot and Title Map

4 ROYAL CLOSE sits on a plot of roughly 0.417 of an acre, or 1,687m². The below map shows the location of 4 ROYAL 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 ROYAL 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 ROYAL CLOSE?

4 ROYAL CLOSE is located in BORROWASH, in the DE72 postcode district. The below map shows the position of No. 4 on ROYAL CLOSE.