12, SOVEREIGN WAY, OAKWOOD, DERBY, DE21 2XU - £320,000

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.

12 SOVEREIGN WAY is a large extended detached house of 124m², built sometime between 1991 and 1995, which could now be worth an estimated £448,623. It was last sold for £320,000 in January 2017, which was around 41% above the average January 2017 detached price in the City of Derby local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was C.

12 SOVEREIGN WAY Sold Prices

Land registry data shows three sales for 12 SOVEREIGN WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the City of Derby local authority area for the corresponding sale date. All of the three 12 SOVEREIGN WAY 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
2017 5 JAN	£320,000	£226,619	41% above HPI
1999 15 NOV	£108,500	£77,029	41% above HPI
1997 28 FEB	£102,995	£63,950	61% above HPI

12 SOVEREIGN WAY 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 three 12 SOVEREIGN WAY sales between February 1997 and January 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 1999 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the January 2017 sale, which was also at 41% above the HPI.

What might 12 SOVEREIGN WAY be worth now?

12 SOVEREIGN WAY might now be worth an estimated £448,623.

This is based on house price inflation of 40.2%, between January 2017 and February 2025, 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 40.2% inflationary increase is applied to the most recent sale price for 12 SOVEREIGN WAY of £320,000 on 5th January 2017. For the value to have increased from £320,000 to £448,623 over the seven years and eleven months to February 2025, the following assumptions must hold true:

• The value of 12 SOVEREIGN WAY has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The January 2017 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 12 SOVEREIGN WAY has not materially changed since January 2017.

How Large is 12 SOVEREIGN WAY?

12 SOVEREIGN WAY is 124m², which includes one extension, according to the EPC inspection conducted in October 2016. This puts it in the largest 40% 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 12 SOVEREIGN WAY lies on this distribution: 67% of detached houses houses are smaller than 12 SOVEREIGN WAY, and 32% of houses are larger. Note that EPC data is not available for all properties in Derby.

12 SOVEREIGN WAY: Plot and Title Map

12 SOVEREIGN WAY sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of 12 SOVEREIGN WAY, 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 12 SOVEREIGN WAY). 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 12 SOVEREIGN WAY?

12 SOVEREIGN WAY is located in OAKWOOD, in the DE21 postcode district. The below map shows the position of No. 12 on SOVEREIGN WAY.