505, LOWER SOMERCOTES, SOMERCOTES, ALFRETON, DE55 4NS - £68,650

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.

505 LOWER SOMERCOTES is a midsized terraced house of 75m², built sometime before 1900, which could now be worth an estimated £127,883. It was last sold for £68,650 in August 2011, which was around 28% below the average August 2011 terraced price in the Amber Valley local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

505 LOWER SOMERCOTES Sold Prices

Land registry data shows one sale for 505 LOWER SOMERCOTES since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced price in the Amber Valley 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
2011 17 AUG	£68,650	£94,882	28% below HPI

What might 505 LOWER SOMERCOTES be worth now?

505 LOWER SOMERCOTES might now be worth an estimated £127,883.

This is based on house price inflation of 86.3%, between August 2011 and April 2026, for terraced 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 86.3% inflationary increase is applied to the most recent sale price for 505 LOWER SOMERCOTES of £68,650 on 17th August 2011. For the value to have increased from £68,650 to £127,883 over the fifteen years and four months to April 2026, the following assumptions must hold true:

• The value of 505 LOWER SOMERCOTES has moved in line with the HPI for terraced houses in the Amber Valley local authority area.
• The August 2011 sale price of £68,650 represented a fair market value for the property.
• The size, condition, and specification of 505 LOWER SOMERCOTES has not materially changed since August 2011.

How Large is 505 LOWER SOMERCOTES?

505 LOWER SOMERCOTES is 75m² according to the EPC inspection conducted in March 2016. This puts it in the largest 50% of terraced houses in Somercotes, based on EPC data. The below chart shows the distribution of terraced houses by size in Somercotes, and where 505 LOWER SOMERCOTES lies on this distribution: 51% of terraced houses are smaller than 505 LOWER SOMERCOTES, and 48% of terraced houses are larger. Note that EPC data is not available for all properties in Somercotes.

505 LOWER SOMERCOTES: Plot

505 LOWER SOMERCOTES sits on a plot of roughly 0.023 of an acre, or 94m².

Where is 505 LOWER SOMERCOTES?

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