8, MARKET PLACE, CODNOR, RIPLEY, DE5 9RE - £78,500

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.

8 MARKET PLACE is a very small terraced house of 54m², built sometime between 1900 and 1929, which could now be worth an estimated £90,328. It was last sold for £78,500 in March 2022, which was around 49% below the average March 2022 terraced price in the Amber Valley local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

8 MARKET PLACE Sold Prices

Land registry data shows two sales for 8 MARKET PLACE 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 8 MARKET PLACE 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 25 MAR	£78,500	£153,772	49% below HPI
2007 10 AUG	£55,000	£110,989	50% below HPI

8 MARKET PLACE 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 8 MARKET PLACE sales from August 2007 and March 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 August 2007 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the March 2022 sale, where it rises to 49% below the HPI. The line then continues to track at 49% below the HPI.

What might 8 MARKET PLACE be worth now?

8 MARKET PLACE might now be worth an estimated £90,328.

This is based on house price inflation of 15.1%, between March 2022 and May 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 15.1% inflationary increase is applied to the most recent sale price for 8 MARKET PLACE of £78,500 on 25th March 2022. For the value to have increased from £78,500 to £90,328 over the three years and ten months to May 2026, the following assumptions must hold true:

• The value of 8 MARKET PLACE has moved in line with the HPI for terraced houses in the Amber Valley local authority area.
• The March 2022 sale price of £78,500 represented a fair market value for the property.
• The size, condition, and specification of 8 MARKET PLACE has not materially changed since March 2022.

How Large is 8 MARKET PLACE?

8 MARKET PLACE is 54m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 10% of terraced houses houses in Ripley, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Ripley, and where 8 MARKET PLACE lies on this distribution: 2% of terraced houses houses are smaller than 8 MARKET PLACE, and 98% of houses are larger. Note that EPC data is not available for all properties in Ripley.

8 MARKET PLACE: Plot and Title Map

8 MARKET PLACE sits on a plot of roughly 0.028 of an acre, or 113m². The below map shows the location of 8 MARKET PLACE, 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 8 MARKET PLACE). 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 8 MARKET PLACE?

8 MARKET PLACE is located in CODNOR, in the DE5 postcode district. The below map shows the position of No. 8 on MARKET PLACE.