6, MEADOW CLOSE, DRAYCOTT, DERBY, DE72 3QR - £193,500

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.

6 MEADOW CLOSE is a very small detached house of 70m², built sometime between 1967 and 1975, which could now be worth an estimated £279,143. It was last sold for £193,500 in February 2017, which was around 12% below the average February 2017 detached price in the Erewash local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

6 MEADOW CLOSE Sold Prices

Land registry data shows four sales for 6 MEADOW CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. All of the four 6 MEADOW 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
2017 6 FEB	£193,500	£221,131	12% below HPI
2014 16 APR	£164,000	£186,714	12% below HPI
2010 3 DEC	£152,000	£180,555	16% below HPI
2002 25 OCT	£107,450	£124,844	14% below HPI

6 MEADOW CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Erewash local authority area over time, sourced from the HPI. The four 6 MEADOW CLOSE sales between October 2002 and February 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 April 2014 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the February 2017 sale, which was also at 12% below the HPI.

What might 6 MEADOW CLOSE be worth now?

6 MEADOW CLOSE might now be worth an estimated £279,143.

This is based on house price inflation of 44.3%, between February 2017 and February 2025, for detached houses, in the Erewash local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 44.3% inflationary increase is applied to the most recent sale price for 6 MEADOW CLOSE of £193,500 on 6th February 2017. For the value to have increased from £193,500 to £279,143 over the eight years to February 2025, the following assumptions must hold true:

• The value of 6 MEADOW CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The February 2017 sale price of £193,500 represented a fair market value for the property.
• The size, condition, and specification of 6 MEADOW CLOSE has not materially changed since February 2017.

How Large is 6 MEADOW CLOSE?

6 MEADOW CLOSE is 70m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 10% of detached houses houses in Draycott, based on EPC data. The below chart shows the distribution of detached houses houses by size in Draycott, and where 6 MEADOW CLOSE lies on this distribution: 8% of detached houses houses are smaller than 6 MEADOW CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Draycott.

6 MEADOW CLOSE: Plot and Title Map

6 MEADOW CLOSE sits on a plot of roughly 0.082 of an acre, or 333m². The below map shows the location of 6 MEADOW 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 MEADOW 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 MEADOW CLOSE?

6 MEADOW CLOSE is located in DRAYCOTT, in the DE72 postcode district. The below map shows the position of No. 6 on MEADOW CLOSE.