13, SOVEREIGN WAY, OAKWOOD, DERBY, DE21 2XU - £365,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

13 SOVEREIGN WAY is a midsized detached house of 115m², built sometime between 1991 and 1995. It was last sold for £365,000 in June 2022, which was around 24% above the average June 2022 detached price in the City of Derby local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

13 SOVEREIGN WAY Sold Prices

Land registry data shows three sales for 13 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 13 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
2022 17 JUN	£365,000	£294,751	24% above HPI
2001 10 AUG	£126,800	£94,105	35% above HPI
1997 18 JUL	£96,995	£66,428	46% above HPI

13 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 13 SOVEREIGN WAY sales between July 1997 and June 2022 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 August 2001 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the June 2022 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is 13 SOVEREIGN WAY?

13 SOVEREIGN WAY is 115m² according to the EPC inspection conducted in February 2022. This puts it in the largest 50% of detached houses in Derby, based on EPC data. The below chart shows the distribution of detached houses by size in Derby, and where 13 SOVEREIGN WAY lies on this distribution: 58% of detached houses are smaller than 13 SOVEREIGN WAY, and 41% of houses are larger. Note that EPC data is not available for all properties in Derby.

13 SOVEREIGN WAY: Plot and Title Map

13 SOVEREIGN WAY sits on a plot of roughly 0.088 of an acre, or 354m². The below map shows the location of 13 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 13 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 13 SOVEREIGN WAY?

13 SOVEREIGN WAY is located in OAKWOOD, in the DE21 postcode district. The below map shows the position of No. 13 on SOVEREIGN WAY.