15, MONARCH DRIVE, OAKWOOD, DERBY, DE21 2XW - £303,000

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.

15 MONARCH DRIVE is a very large detached house of 152m², built sometime between 1991 and 1995, which could now be worth an estimated £395,874. It was last sold for £303,000 in March 2020, which was around 25% above the average March 2020 detached price in the City of Derby local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was C.

15 MONARCH DRIVE Sold Prices

Land registry data shows three sales for 15 MONARCH DRIVE 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 15 MONARCH DRIVE 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
2020 3 MAR	£303,000	£243,172	25% above HPI
1998 11 SEP	£109,000	£72,238	51% above HPI
1996 31 MAY	£101,995	£62,954	62% above HPI

15 MONARCH DRIVE 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 15 MONARCH DRIVE sales between May 1996 and March 2020 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 September 1998 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the March 2020 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 15 MONARCH DRIVE be worth now?

15 MONARCH DRIVE might now be worth an estimated £395,874.

This is based on house price inflation of 30.7%, between March 2020 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 30.7% inflationary increase is applied to the most recent sale price for 15 MONARCH DRIVE of £303,000 on 3rd March 2020. For the value to have increased from £303,000 to £395,874 over the five years and one month to February 2025, the following assumptions must hold true:

• The value of 15 MONARCH DRIVE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The March 2020 sale price of £303,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MONARCH DRIVE has not materially changed since March 2020.

How Large is 15 MONARCH DRIVE?

15 MONARCH DRIVE is 152m² according to the EPC inspection conducted in September 2011. This puts it in the largest 20% 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 15 MONARCH DRIVE lies on this distribution: 85% of detached houses houses are smaller than 15 MONARCH DRIVE, and 15% of houses are larger. Note that EPC data is not available for all properties in Derby.

15 MONARCH DRIVE: Plot and Title Map

15 MONARCH DRIVE sits on a plot of roughly 0.140 of an acre, or 566m². The below map shows the location of 15 MONARCH DRIVE, 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 15 MONARCH DRIVE). 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 15 MONARCH DRIVE?

15 MONARCH DRIVE is located in OAKWOOD, in the DE21 postcode district. The below map shows the position of No. 15 on MONARCH DRIVE.