7, LACE MAKERS CLOSE, BORROWASH, DERBY, DE72 3WR - £210,000

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.

7 LACE MAKERS CLOSE is a detached house, which could now be worth an estimated £366,300. It was last sold for £210,000 in May 2008, which was around 11% above the average May 2008 detached price in the Erewash local authority area.

7 LACE MAKERS CLOSE Sold Prices

Land registry data shows two sales for 7 LACE MAKERS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. Both of the two 7 LACE MAKERS CLOSE 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
2008 30 MAY	£210,000	£189,365	11% above HPI
2007 30 NOV	£214,995	£195,886	10% above HPI

What might 7 LACE MAKERS CLOSE be worth now?

7 LACE MAKERS CLOSE might now be worth an estimated £366,300.

This is based on house price inflation of 74.4%, between May 2008 and May 2026, for detached houses, in the Erewash local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 74.4% inflationary increase is applied to the most recent sale price for 7 LACE MAKERS CLOSE of £210,000 on 30th May 2008. For the value to have increased from £210,000 to £366,300 over the eighteen years to May 2026, the following assumptions must hold true:

• The value of 7 LACE MAKERS CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The May 2008 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of 7 LACE MAKERS CLOSE has not materially changed since May 2008.

Where is 7 LACE MAKERS CLOSE?

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