8, MERRYBOWER CLOSE, STENSON FIELDS, DERBY, DE24 3JJ - £85,000

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.

8 MERRYBOWER CLOSE is a small flat of 53m², built sometime between 1991 and 1995, which could now be worth an estimated £112,258. It was last sold for £85,000 in February 2015, which was around 19% below the average February 2015 flat price in the South Derbyshire local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was C.

8 MERRYBOWER CLOSE Sold Prices

Land registry data shows four sales for 8 MERRYBOWER CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average flat price in the South Derbyshire local authority area for the corresponding sale date. All of the four 8 MERRYBOWER CLOSE 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
2015 4 FEB	£85,000	£105,061	19% below HPI
2004 5 JUL	£79,950	£97,737	18% below HPI
2002 13 DEC	£58,500	£73,983	21% below HPI
1995 2 JUN	£29,600	£33,673	12% below HPI

What might 8 MERRYBOWER CLOSE be worth now?

8 MERRYBOWER CLOSE might now be worth an estimated £112,258.

This is based on house price inflation of 32.1%, between February 2015 and May 2026, for flats, in the South Derbyshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.1% inflationary increase is applied to the most recent sale price for 8 MERRYBOWER CLOSE of £85,000 on 4th February 2015. For the value to have increased from £85,000 to £112,258 over the ten years and nine months to May 2026, the following assumptions must hold true:

• The value of 8 MERRYBOWER CLOSE has moved in line with the HPI for flats in the South Derbyshire local authority area.
• The February 2015 sale price of £85,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MERRYBOWER CLOSE has not materially changed since February 2015.

How Large is 8 MERRYBOWER CLOSE?

8 MERRYBOWER CLOSE is 53m² according to the EPC inspection conducted in January 2013. This puts it in the smallest 40% of flats in Derby, based on EPC data. 35% of flats are smaller than 8 MERRYBOWER CLOSE, and 63% of flats are larger. Note that EPC data is not available for all properties in Derby.

8 MERRYBOWER CLOSE: Plot

8 MERRYBOWER CLOSE sits on a plot of roughly 0.083 of an acre, or 336m².

Where is 8 MERRYBOWER CLOSE?

8 MERRYBOWER CLOSE is located in STENSON FIELDS, in the DE24 postcode district.