15, THE SPINNEY, BORROWASH, DERBY, DE72 3FT - £270,000

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.

15 THE SPINNEY is a very small detached house of 60m², built sometime between 1983 and 1990, which could now be worth an estimated £290,069. It was last sold for £270,000 in April 2022, which was around 10% below the average April 2022 detached price in the Erewash local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

15 THE SPINNEY Sold Prices

Land registry data shows one sale for 15 THE SPINNEY since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Erewash local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 14 APR	£270,000	£301,291	10% below HPI

What might 15 THE SPINNEY be worth now?

15 THE SPINNEY might now be worth an estimated £290,069.

This is based on house price inflation of 7.4%, between April 2022 and April 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 7.4% inflationary increase is applied to the most recent sale price for 15 THE SPINNEY of £270,000 on 14th April 2022. For the value to have increased from £270,000 to £290,069 over the four years to April 2026, the following assumptions must hold true:

• The value of 15 THE SPINNEY has moved in line with the HPI for detached houses in the Erewash local authority area.
• The April 2022 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 15 THE SPINNEY has not materially changed since April 2022.

How Large is 15 THE SPINNEY?

15 THE SPINNEY is 60m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 10% of detached houses in Borrowash, based on EPC data. The below chart shows the distribution of detached houses by size in Borrowash, and where 15 THE SPINNEY lies on this distribution: 4% of detached houses are smaller than 15 THE SPINNEY, and 96% of detached houses are larger. Note that EPC data is not available for all properties in Borrowash.

15 THE SPINNEY: Plot

15 THE SPINNEY sits on a plot of roughly 0.096 of an acre, or 387m².

Where is 15 THE SPINNEY?

15 THE SPINNEY is located in BORROWASH, in the DE72 postcode district.