8, WELLSPRING CLOSE, WINGERWORTH, CHESTERFIELD, S42 6RN - £95,000

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.

8 WELLSPRING CLOSE is a very small terraced house of 56m², built sometime between 1976 and 1982, which could now be worth an estimated £156,206. It was last sold for £95,000 in July 2014, which was around 14% below the average July 2014 terraced price in the North East Derbyshire local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was B.

8 WELLSPRING CLOSE Sold Prices

Land registry data shows two sales for 8 WELLSPRING CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the North East Derbyshire local authority area for the corresponding sale date. Both of the two 8 WELLSPRING 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
2014 29 JUL	£95,000	£110,575	14% below HPI
2000 5 MAY	£37,500	£38,999	4% below HPI

8 WELLSPRING CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the North East Derbyshire local authority area over time, sourced from the HPI. The two 8 WELLSPRING CLOSE sales from May 2000 and July 2014 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 May 2000 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the July 2014 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 8 WELLSPRING CLOSE be worth now?

8 WELLSPRING CLOSE might now be worth an estimated £156,206.

This is based on house price inflation of 64.4%, between July 2014 and May 2026, for terraced houses, in the North East Derbyshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 64.4% inflationary increase is applied to the most recent sale price for 8 WELLSPRING CLOSE of £95,000 on 29th July 2014. For the value to have increased from £95,000 to £156,206 over the twelve years and two months to May 2026, the following assumptions must hold true:

• The value of 8 WELLSPRING CLOSE has moved in line with the HPI for terraced houses in the North East Derbyshire local authority area.
• The July 2014 sale price of £95,000 represented a fair market value for the property.
• The size, condition, and specification of 8 WELLSPRING CLOSE has not materially changed since July 2014.

How Large is 8 WELLSPRING CLOSE?

8 WELLSPRING CLOSE is 56m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 10% of terraced houses houses in Wingerworth, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Wingerworth, and where 8 WELLSPRING CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 8 WELLSPRING CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Wingerworth.

8 WELLSPRING CLOSE: Plot and Title Map

8 WELLSPRING CLOSE sits on a plot of roughly 0.026 of an acre, or 105m². The below map shows the location of 8 WELLSPRING 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 8 WELLSPRING 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 8 WELLSPRING CLOSE?

8 WELLSPRING CLOSE is located in WINGERWORTH, in the S42 postcode district. The below map shows the position of No. 8 on WELLSPRING CLOSE.