551, LOWER SOMERCOTES, SOMERCOTES, ALFRETON, DE55 4NS - £61,000

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.

551 LOWER SOMERCOTES is a very small extended terraced house of 65m², built sometime between 1900 and 1929, which could now be worth an estimated £127,853. It was last sold for £61,000 in July 2004, which was around 28% below the average July 2004 terraced price in the Amber Valley local authority area. The most recent EPC inspection was September 2024, where the current energy rating was C, and the potential energy rating was B.

551 LOWER SOMERCOTES Sold Prices

Land registry data shows two sales for 551 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 551 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
2004 23 JUL	£61,000	£84,328	28% below HPI
2000 4 JUL	£14,775	£37,536	61% below HPI

551 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 551 LOWER SOMERCOTES sales from July 2000 and July 2004 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 July 2000 sale was for 61% below the HPI. So the extrapolation line tracks at 61% below the HPI over time, until the July 2004 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 551 LOWER SOMERCOTES be worth now?

551 LOWER SOMERCOTES might now be worth an estimated £127,853.

This is based on house price inflation of 109.6%, between July 2004 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 109.6% inflationary increase is applied to the most recent sale price for 551 LOWER SOMERCOTES of £61,000 on 23rd July 2004. For the value to have increased from £61,000 to £127,853 over the 22 years and three months to April 2026, the following assumptions must hold true:

• The value of 551 LOWER SOMERCOTES has moved in line with the HPI for terraced houses in the Amber Valley local authority area.
• The July 2004 sale price of £61,000 represented a fair market value for the property.
• The size, condition, and specification of 551 LOWER SOMERCOTES has not materially changed since July 2004.

How Large is 551 LOWER SOMERCOTES?

551 LOWER SOMERCOTES is 65m², which includes one extension, according to the EPC inspection conducted in September 2024. This puts it in the smallest 20% 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 551 LOWER SOMERCOTES lies on this distribution: 17% of terraced houses houses are smaller than 551 LOWER SOMERCOTES, and 83% of houses are larger. Note that EPC data is not available for all properties in Somercotes.

551 LOWER SOMERCOTES: Plot and Title Map

551 LOWER SOMERCOTES sits on a plot of roughly 0.025 of an acre, or 100m². The below map shows the location of 551 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 551 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 551 LOWER SOMERCOTES?

551 LOWER SOMERCOTES is located in SOMERCOTES, in the DE55 postcode district. The below map shows the position of No. 551 on LOWER SOMERCOTES.