507B, LOWER SOMERCOTES, SOMERCOTES, ALFRETON, DE55 4NS - £65,500

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.

507B LOWER SOMERCOTES is a very small extended terraced house of 36m², built sometime between 1900 and 1929, which could now be worth an estimated £99,792. It was last sold for £65,500 in July 2017, which was around 44% below the average July 2017 terraced price in the Amber Valley local authority area. The most recent EPC inspection was January 2014, where the current energy rating was C, and the potential energy rating was C.

507B LOWER SOMERCOTES Sold Prices

Land registry data shows three sales for 507B LOWER SOMERCOTES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Amber Valley local authority area for the corresponding sale date. All of the three 507B 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
2017 6 JUL	£65,500	£116,011	44% below HPI
2011 28 OCT	£65,000	£94,268	31% below HPI
1995 29 NOV	£14,250	£28,870	51% below HPI

507B LOWER SOMERCOTES Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Amber Valley local authority area over time, sourced from the HPI. The three 507B LOWER SOMERCOTES sales between November 1995 and July 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 October 2011 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the July 2017 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might 507B LOWER SOMERCOTES be worth now?

507B LOWER SOMERCOTES might now be worth an estimated £99,792.

This is based on house price inflation of 52.4%, between July 2017 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 52.4% inflationary increase is applied to the most recent sale price for 507B LOWER SOMERCOTES of £65,500 on 6th July 2017. For the value to have increased from £65,500 to £99,792 over the nine years and three months to April 2026, the following assumptions must hold true:

• The value of 507B LOWER SOMERCOTES has moved in line with the HPI for terraced houses in the Amber Valley local authority area.
• The July 2017 sale price of £65,500 represented a fair market value for the property.
• The size, condition, and specification of 507B LOWER SOMERCOTES has not materially changed since July 2017.

How Large is 507B LOWER SOMERCOTES?

507B LOWER SOMERCOTES is 36m², which includes one extension, according to the EPC inspection conducted in January 2014. This puts it in the smallest 10% of terraced houses houses in Somercotes, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Somercotes, and where 507B LOWER SOMERCOTES lies on this distribution: Less than 1% of terraced houses houses are smaller than 507B LOWER SOMERCOTES, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Somercotes.

507B LOWER SOMERCOTES: Plot and Title Map

507B LOWER SOMERCOTES sits on a plot of roughly 0.022 of an acre, or 91m². The below map shows the location of 507B LOWER SOMERCOTES, 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 507B LOWER SOMERCOTES). 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 507B LOWER SOMERCOTES?

507B LOWER SOMERCOTES is located in SOMERCOTES, in the DE55 postcode district. The below map shows the position of No. 507B on LOWER SOMERCOTES.