8A, CENTRAL AVENUE, BORROWASH, DERBY, DE72 3JZ - £290,000

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.

8A CENTRAL AVENUE is a large detached house of 121m², built sometime between 2003 and 2006, which could now be worth an estimated £408,780. It was last sold for £290,000 in December 2017, which was around 24% above the average December 2017 detached price in the Erewash local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was C.

8A CENTRAL AVENUE Sold Prices

Land registry data shows two sales for 8A CENTRAL AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. Both of the two 8A CENTRAL AVENUE sales were for above 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 4 DEC	£290,000	£234,329	24% above HPI
2001 31 AUG	£247,000	£93,954	163% above HPI

8A CENTRAL AVENUE 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 two 8A CENTRAL AVENUE sales from August 2001 and December 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 August 2001 sale was for 163% above the HPI. So the extrapolation line tracks at 163% above the HPI over time, until the December 2017 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 8A CENTRAL AVENUE be worth now?

8A CENTRAL AVENUE might now be worth an estimated £408,780.

This is based on house price inflation of 41%, between December 2017 and May 2026, 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 41% inflationary increase is applied to the most recent sale price for 8A CENTRAL AVENUE of £290,000 on 4th December 2017. For the value to have increased from £290,000 to £408,780 over the nine years and seven months to May 2026, the following assumptions must hold true:

• The value of 8A CENTRAL AVENUE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The December 2017 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 8A CENTRAL AVENUE has not materially changed since December 2017.

How Large is 8A CENTRAL AVENUE?

8A CENTRAL AVENUE is 121m² according to the EPC inspection conducted in March 2016. This puts it in the largest 40% of detached houses houses in Borrowash, based on EPC data. The below chart shows the distribution of detached houses houses by size in Borrowash, and where 8A CENTRAL AVENUE lies on this distribution: 66% of detached houses houses are smaller than 8A CENTRAL AVENUE, and 33% of houses are larger. Note that EPC data is not available for all properties in Borrowash.

8A CENTRAL AVENUE: Plot and Title Map

8A CENTRAL AVENUE sits on a plot of roughly 0.122 of an acre, or 492m². The below map shows the location of 8A CENTRAL AVENUE, 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 8A CENTRAL AVENUE). 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 8A CENTRAL AVENUE?

8A CENTRAL AVENUE is located in BORROWASH, in the DE72 postcode district. The below map shows the position of No. 8A on CENTRAL AVENUE.