513, LOWER SOMERCOTES, SOMERCOTES, ALFRETON, DE55 4NS - £101,000

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.

513 LOWER SOMERCOTES is a midsized terraced house of 92m², built sometime between 1900 and 1929, which could now be worth an estimated £111,518. It was last sold for £101,000 in June 2022, which was around 34% below the average June 2022 terraced price in the Amber Valley local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was B.

513 LOWER SOMERCOTES Sold Prices

Land registry data shows two sales for 513 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 513 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
2022 17 JUN	£101,000	£153,971	34% below HPI
1999 12 FEB	£16,500	£32,060	49% below HPI

513 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 two 513 LOWER SOMERCOTES sales from February 1999 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 February 1999 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the June 2022 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 513 LOWER SOMERCOTES be worth now?

513 LOWER SOMERCOTES might now be worth an estimated £111,518.

This is based on house price inflation of 10.4%, between June 2022 and June 2025, 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 10.4% inflationary increase is applied to the most recent sale price for 513 LOWER SOMERCOTES of £101,000 on 17th June 2022. For the value to have increased from £101,000 to £111,518 over the three years to June 2025, the following assumptions must hold true:

• The value of 513 LOWER SOMERCOTES has moved in line with the HPI for terraced houses in the Amber Valley local authority area.
• The June 2022 sale price of £101,000 represented a fair market value for the property.
• The size, condition, and specification of 513 LOWER SOMERCOTES has not materially changed since June 2022.

How Large is 513 LOWER SOMERCOTES?

513 LOWER SOMERCOTES is 92m² according to the EPC inspection conducted in November 2021. This puts it in the smallest 50% 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 513 LOWER SOMERCOTES lies on this distribution: 42% of terraced houses houses are smaller than 513 LOWER SOMERCOTES, and 56% of houses are larger. Note that EPC data is not available for all properties in Somercotes.

513 LOWER SOMERCOTES: Plot and Title Map

513 LOWER SOMERCOTES sits on a plot of roughly 0.029 of an acre, or 119m². The below map shows the location of 513 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 513 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 513 LOWER SOMERCOTES?

513 LOWER SOMERCOTES is located in SOMERCOTES, in the DE55 postcode district. The below map shows the position of No. 513 on LOWER SOMERCOTES.