1, LORRAINE CLOSE, SHELTON LOCK, DERBY, DE24 9EX - £142,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 LORRAINE CLOSE is a very small detached house of 53m², built sometime between 1976 and 1982, which could now be worth an estimated £198,556. It was last sold for £142,500 in July 2017, which was around 38% below the average July 2017 detached price in the City of Derby local authority area. The most recent EPC inspection was December 2008, where the current energy rating was D, and the potential energy rating was C.

1 LORRAINE CLOSE Sold Prices

Land registry data shows two sales for 1 LORRAINE 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 City of Derby local authority area for the corresponding sale date. Both of the two 1 LORRAINE 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
2017 14 JUL	£142,500	£231,577	38% below HPI
2006 13 NOV	£111,000	£200,172	45% below HPI

1 LORRAINE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Derby local authority area over time, sourced from the HPI. The two 1 LORRAINE CLOSE sales from November 2006 and July 2017 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the November 2006 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the July 2017 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 1 LORRAINE CLOSE be worth now?

1 LORRAINE CLOSE might now be worth an estimated £198,556.

This is based on house price inflation of 39.3%, between July 2017 and December 2024, for detached houses, in the City of Derby local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 39.3% inflationary increase is applied to the most recent sale price for 1 LORRAINE CLOSE of £142,500 on 14th July 2017. For the value to have increased from £142,500 to £198,556 over the six years and seven months to December 2024, the following assumptions must hold true:

• The value of 1 LORRAINE CLOSE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The July 2017 sale price of £142,500 represented a fair market value for the property.
• The size, condition, and specification of 1 LORRAINE CLOSE has not materially changed since July 2017.

How Large is 1 LORRAINE CLOSE?

1 LORRAINE CLOSE is 53m² according to the EPC inspection conducted in December 2008. This puts it in the smallest 10% of detached houses houses in Derby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Derby, and where 1 LORRAINE CLOSE lies on this distribution: 2% of detached houses houses are smaller than 1 LORRAINE CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Derby.

1 LORRAINE CLOSE: Plot and Title Map

1 LORRAINE CLOSE sits on a plot of roughly 0.051 of an acre, or 208m². The below map shows the location of 1 LORRAINE CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 LORRAINE CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 LORRAINE CLOSE?

1 LORRAINE CLOSE is located in SHELTON LOCK, in the DE24 postcode district. The below map shows the position of No. 1 on LORRAINE CLOSE.