489A, LOWER SOMERCOTES, SOMERCOTES, ALFRETON, DE55 4NS - £205,000

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.

489A LOWER SOMERCOTES is a detached house, which could now be worth an estimated £701,752. It was last sold for £205,000 in April 2002, which was around 105% above the average April 2002 detached price in the Amber Valley local authority area.

489A LOWER SOMERCOTES Sold Prices

Land registry data shows two sales for 489A LOWER SOMERCOTES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. Both of the two 489A LOWER SOMERCOTES 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
2002 26 APR	£205,000	£99,849	105% above HPI
1995 3 NOV	£90,000	£59,645	51% above HPI

What might 489A LOWER SOMERCOTES be worth now?

489A LOWER SOMERCOTES might now be worth an estimated £701,752.

This is based on house price inflation of 242.3%, between April 2002 and April 2026, for detached houses, 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 242.3% inflationary increase is applied to the most recent sale price for 489A LOWER SOMERCOTES of £205,000 on 26th April 2002. For the value to have increased from £205,000 to £701,752 over the 24 years to April 2026, the following assumptions must hold true:

• The value of 489A LOWER SOMERCOTES has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The April 2002 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 489A LOWER SOMERCOTES has not materially changed since April 2002.

Where is 489A LOWER SOMERCOTES?

489A LOWER SOMERCOTES is located in SOMERCOTES, in the DE55 postcode district.