392, LOWER SOMERCOTES, SOMERCOTES, ALFRETON, DE55 4NQ - £81,000

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.

392 LOWER SOMERCOTES is a very large extended flat of 235m², built sometime between 1900 and 1929, which could now be worth an estimated £116,454. It was last sold for £81,000 in October 2014, which was around 13% below the average October 2014 flat price in the Amber Valley local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was C.

392 LOWER SOMERCOTES Sold Prices

Land registry data shows two sales for 392 LOWER SOMERCOTES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Amber Valley local authority area for the corresponding sale date. Both of the two 392 LOWER SOMERCOTES 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 3 OCT	£81,000	£93,553	13% below HPI
2003 30 OCT	£63,725	£72,096	12% below HPI

What might 392 LOWER SOMERCOTES be worth now?

392 LOWER SOMERCOTES might now be worth an estimated £116,454.

This is based on house price inflation of 43.8%, between October 2014 and April 2026, for flats, in the Amber Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 43.8% inflationary increase is applied to the most recent sale price for 392 LOWER SOMERCOTES of £81,000 on 3rd October 2014. For the value to have increased from £81,000 to £116,454 over the twelve years and six months to April 2026, the following assumptions must hold true:

• The value of 392 LOWER SOMERCOTES has moved in line with the HPI for flats in the Amber Valley local authority area.
• The October 2014 sale price of £81,000 represented a fair market value for the property.
• The size, condition, and specification of 392 LOWER SOMERCOTES has not materially changed since October 2014.

How Large is 392 LOWER SOMERCOTES?

392 LOWER SOMERCOTES is 235m², which includes one extension, according to the EPC inspection conducted in July 2014. This puts it in the largest 10% of flats in Somercotes, based on EPC data. More than 99% of flats are smaller than 392 LOWER SOMERCOTES, and less than 1% of flats are larger. Note that EPC data is not available for all properties in Somercotes.

392 LOWER SOMERCOTES: Plot

392 LOWER SOMERCOTES sits on a plot of roughly 0.080 of an acre, or 323m².

Where is 392 LOWER SOMERCOTES?

392 LOWER SOMERCOTES is located in SOMERCOTES, in the DE55 postcode district.