497, LOWER SOMERCOTES, SOMERCOTES, ALFRETON, DE55 4NS - £44,950

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.

497 LOWER SOMERCOTES is a terraced house, which could now be worth an estimated £119,493. It was last sold for £44,950 in June 2003, which was around 32% below the average June 2003 terraced price in the Amber Valley local authority area.

497 LOWER SOMERCOTES Sold Prices

Land registry data shows two sales for 497 LOWER SOMERCOTES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Amber Valley local authority area for the corresponding sale date. Both of the two 497 LOWER SOMERCOTES 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
2003 23 JUN	£44,950	£66,488	32% below HPI
1999 7 DEC	£32,000	£36,126	11% below HPI

What might 497 LOWER SOMERCOTES be worth now?

497 LOWER SOMERCOTES might now be worth an estimated £119,493.

This is based on house price inflation of 165.8%, between June 2003 and April 2026, for terraced houses, in the Amber Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 165.8% inflationary increase is applied to the most recent sale price for 497 LOWER SOMERCOTES of £44,950 on 23rd June 2003. For the value to have increased from £44,950 to £119,493 over the 23 years and two months to April 2026, the following assumptions must hold true:

• The value of 497 LOWER SOMERCOTES has moved in line with the HPI for terraced houses in the Amber Valley local authority area.
• The June 2003 sale price of £44,950 represented a fair market value for the property.
• The size, condition, and specification of 497 LOWER SOMERCOTES has not materially changed since June 2003.

Where is 497 LOWER SOMERCOTES?

497 LOWER SOMERCOTES is located in SOMERCOTES, in the DE55 postcode district.