CORNMILL, GORSEY LEYS, OVERSEAL, SWADLINCOTE, DE12 6JE - £385,000

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.

CORNMILL is a very large extended detached house of 211m², built sometime before 1900, which could now be worth an estimated £492,951. It was last sold for £385,000 in March 2019, which was around 39% above the average March 2019 detached price in the South Derbyshire local authority area. The most recent EPC inspection was April 2022, where the current energy rating was E, and the potential energy rating was D.

CORNMILL Sold Prices

Land registry data shows three sales for CORNMILL since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Derbyshire local authority area for the corresponding sale date. All of the three CORNMILL 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
2019 28 MAR	£385,000	£276,219	39% above HPI
2006 13 OCT	£358,500	£223,604	60% above HPI
2000 10 MAY	£143,000	£94,515	51% above HPI

CORNMILL Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Derbyshire local authority area over time, sourced from the HPI. The three CORNMILL sales between May 2000 and March 2019 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 October 2006 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the March 2019 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might CORNMILL be worth now?

CORNMILL might now be worth an estimated £492,951.

This is based on house price inflation of 28%, between March 2019 and March 2026, for detached houses, in the South Derbyshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28% inflationary increase is applied to the most recent sale price for CORNMILL of £385,000 on 28th March 2019. For the value to have increased from £385,000 to £492,951 over the seven years to March 2026, the following assumptions must hold true:

• The value of CORNMILL has moved in line with the HPI for detached houses in the South Derbyshire local authority area.
• The March 2019 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of CORNMILL has not materially changed since March 2019.

How Large is CORNMILL?

CORNMILL is 211m², which includes one extension, according to the EPC inspection conducted in April 2022. This puts it in the largest 10% of detached houses houses in Overseal, based on EPC data. The below chart shows the distribution of detached houses houses by size in Overseal, and where CORNMILL lies on this distribution: 95% of detached houses houses are smaller than CORNMILL, and 5% of houses are larger. Note that EPC data is not available for all properties in Overseal.

CORNMILL: Plot and Title Map

CORNMILL sits on a plot of roughly 0.187 of an acre, or 757m². The below map shows the location of CORNMILL, 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 CORNMILL). 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 CORNMILL?

CORNMILL is located on GORSEY LEYS in OVERSEAL, in the DE12 postcode district. The below map shows the position of CORNMILL on GORSEY LEYS.