2, BORROWELL, KEGWORTH, DERBY, DE74 2FP - £115,000

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.

2 BORROWELL is a midsized extended terraced house of 69m², built sometime between 1900 and 1929, which could now be worth an estimated £194,110. It was last sold for £115,000 in August 2013, which was around 1% below the average August 2013 terraced price in the North West Leicestershire local authority area. The most recent EPC inspection was March 2014, where the current energy rating was E, and the potential energy rating was B.

2 BORROWELL Sold Prices

Land registry data shows three sales for 2 BORROWELL since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the North West Leicestershire local authority area for the corresponding sale date. One of the three 2 BORROWELL sales was for below the average price, whilst two 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
2013 16 AUG	£115,000	£116,665	1% below HPI
1999 27 AUG	£54,950	£44,648	23% above HPI
1995 24 MAR	£45,000	£37,284	21% above HPI

2 BORROWELL Price Paid vs. HPI Average

The below graph shows the average detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The three 2 BORROWELL sales between March 1995 and August 2013 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 1999 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the August 2013 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 2 BORROWELL be worth now?

2 BORROWELL might now be worth an estimated £194,110.

This is based on house price inflation of 68.8%, between August 2013 and May 2026, for terraced houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 68.8% inflationary increase is applied to the most recent sale price for 2 BORROWELL of £115,000 on 16th August 2013. For the value to have increased from £115,000 to £194,110 over the thirteen years and three months to May 2026, the following assumptions must hold true:

• The value of 2 BORROWELL has moved in line with the HPI for terraced houses in the North West Leicestershire local authority area.
• The August 2013 sale price of £115,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BORROWELL has not materially changed since August 2013.

How Large is 2 BORROWELL?

2 BORROWELL is 69m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the smallest 50% of terraced houses in Kegworth, based on EPC data. The below chart shows the distribution of terraced houses by size in Kegworth, and where 2 BORROWELL lies on this distribution: 43% of terraced houses are smaller than 2 BORROWELL, and 57% of terraced houses are larger. Note that EPC data is not available for all properties in Kegworth.

2 BORROWELL: Plot

2 BORROWELL sits on a plot of roughly 4,138.1 acres, or 16,746,429m².

Where is 2 BORROWELL?

2 BORROWELL is located in KEGWORTH, in the DE74 postcode district. The below map shows the position of No. 2 on BORROWELL.