6, FARM CLOSE, SOMERCOTES, ALFRETON, DE55 4HN - £320,000

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.

6 FARM CLOSE is a large extended detached house of 132m², built sometime between 1967 and 1975, which could now be worth an estimated £339,154. It was last sold for £320,000 in January 2023, which was around 1% below the average January 2023 detached price in the Amber Valley local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was C.

6 FARM CLOSE Sold Prices

Land registry data shows five sales for 6 FARM CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. Most of the five 6 FARM CLOSE 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
2023 20 JAN	£320,000	£323,921	1% below HPI
2009 10 NOV	£170,000	£182,858	7% below HPI
2003 6 JUN	£132,000	£140,417	6% below HPI
2002 29 APR	£105,000	£99,849	5% above HPI
2001 2 MAR	£84,950	£90,988	7% below HPI

6 FARM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Amber Valley local authority area over time, sourced from the HPI. The five 6 FARM CLOSE sales between March 2001 and January 2023 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 November 2009 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the January 2023 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 6 FARM CLOSE be worth now?

6 FARM CLOSE might now be worth an estimated £339,154.

This is based on house price inflation of 6%, between January 2023 and May 2026, for detached 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 6% inflationary increase is applied to the most recent sale price for 6 FARM CLOSE of £320,000 on 20th January 2023. For the value to have increased from £320,000 to £339,154 over the two years and eight months to May 2026, the following assumptions must hold true:

• The value of 6 FARM CLOSE has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The January 2023 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 6 FARM CLOSE has not materially changed since January 2023.

How Large is 6 FARM CLOSE?

6 FARM CLOSE is 132m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the largest 30% of detached houses houses in Somercotes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Somercotes, and where 6 FARM CLOSE lies on this distribution: 78% of detached houses houses are smaller than 6 FARM CLOSE, and 21% of houses are larger. Note that EPC data is not available for all properties in Somercotes.

6 FARM CLOSE: Plot and Title Map

6 FARM CLOSE sits on a plot of roughly 0.128 of an acre, or 516m². The below map shows the location of 6 FARM 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 6 FARM 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 6 FARM CLOSE?

6 FARM CLOSE is located in SOMERCOTES, in the DE55 postcode district. The below map shows the position of No. 6 on FARM CLOSE.