48, LACE MAKERS CLOSE, BORROWASH, DERBY, DE72 3WR - £100,000

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.

48 LACE MAKERS CLOSE is a very large flat of 57m², built sometime from 2007 onwards, which could now be worth an estimated £146,457. It was last sold for £100,000 in September 2014, which was around 38% above the average September 2014 flat price in the Erewash local authority area. The most recent EPC inspection was October 2008, where the current energy rating was B, and the potential energy rating was B.

48 LACE MAKERS CLOSE Sold Prices

Land registry data shows two sales for 48 LACE MAKERS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Erewash local authority area for the corresponding sale date. One of the two 48 LACE MAKERS CLOSE sales was for above the average price, whilst the other was 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 30 SEP	£100,000	£72,368	38% above HPI
2008 7 NOV	£65,000	£73,508	12% below HPI

What might 48 LACE MAKERS CLOSE be worth now?

48 LACE MAKERS CLOSE might now be worth an estimated £146,457.

This is based on house price inflation of 46.5%, between September 2014 and May 2026, for flats, in the Erewash local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 46.5% inflationary increase is applied to the most recent sale price for 48 LACE MAKERS CLOSE of £100,000 on 30th September 2014. For the value to have increased from £100,000 to £146,457 over the twelve years and four months to May 2026, the following assumptions must hold true:

• The value of 48 LACE MAKERS CLOSE has moved in line with the HPI for flats in the Erewash local authority area.
• The September 2014 sale price of £100,000 represented a fair market value for the property.
• The size, condition, and specification of 48 LACE MAKERS CLOSE has not materially changed since September 2014.

How Large is 48 LACE MAKERS CLOSE?

48 LACE MAKERS CLOSE is 57m² according to the EPC inspection conducted in October 2008. This puts it in the largest 20% of flats in Borrowash, based on EPC data. 82% of flats are smaller than 48 LACE MAKERS CLOSE, and 18% of flats are larger. Note that EPC data is not available for all properties in Borrowash.

48 LACE MAKERS CLOSE: Plot

48 LACE MAKERS CLOSE sits on a plot of roughly 0.160 of an acre, or 647m².

Where is 48 LACE MAKERS CLOSE?

48 LACE MAKERS CLOSE is located in BORROWASH, in the DE72 postcode district.