7, SOVEREIGN WAY, HEANOR, DE75 7SB - £123,000

7 SOVEREIGN WAY is a very small detached house of 66m², built sometime between 1996 and 2002. It was last sold for £123,000 in July 2011, which was around 33% below the average July 2011 detached price in the Amber Valley local authority area. The most recent EPC inspection was March 2010, where the current energy rating was C, and the potential energy rating was C.

7 SOVEREIGN WAY Sold Prices

Land registry data shows three sales for 7 SOVEREIGN WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. All of the three 7 SOVEREIGN WAY 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
2011 15 JUL	£123,000	£182,831	33% below HPI
2002 4 JAN	£72,000	£100,478	28% below HPI
1998 28 AUG	£59,995	£69,815	14% below HPI

7 SOVEREIGN WAY 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 three 7 SOVEREIGN WAY sales between August 1998 and July 2011 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 January 2002 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the July 2011 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 7 SOVEREIGN WAY?

7 SOVEREIGN WAY is 66m² according to the EPC inspection conducted in March 2010. This puts it in the smallest 10% of detached houses in Heanor, based on EPC data. The below chart shows the distribution of detached houses by size in Heanor, and where 7 SOVEREIGN WAY lies on this distribution: 8% of detached houses are smaller than 7 SOVEREIGN WAY, and 92% of houses are larger. Note that EPC data is not available for all properties in Heanor.

7 SOVEREIGN WAY: Plot and Title Map

7 SOVEREIGN WAY sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 7 SOVEREIGN WAY, 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 7 SOVEREIGN WAY). 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 7 SOVEREIGN WAY?

7 SOVEREIGN WAY is located in HEANOR, in the DE75 postcode district. The below map shows the position of No. 7 on SOVEREIGN WAY.