16, CORBEL CLOSE, OAKWOOD, DERBY, DE21 2DB - £295,000

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.

16 CORBEL CLOSE is a very small extended semi-detached house of 79m², built sometime between 1967 and 1975, which could now be worth an estimated £310,904. It was last sold for £295,000 in February 2023, which was around 49% above the average February 2023 semi-detached price in the City of Derby local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

16 CORBEL CLOSE Sold Prices

Land registry data shows five sales for 16 CORBEL CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the City of Derby local authority area for the corresponding sale date. All of the five 16 CORBEL CLOSE 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
2023 28 FEB	£295,000	£198,180	49% above HPI
2007 3 MAY	£160,000	£132,970	20% above HPI
2005 15 AUG	£148,000	£121,626	22% above HPI
2001 16 NOV	£79,000	£57,262	38% above HPI
1997 31 JAN	£47,000	£38,203	23% above HPI

16 CORBEL CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the City of Derby local authority area over time, sourced from the HPI. The five 16 CORBEL CLOSE sales between January 1997 and February 2023 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 May 2007 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the February 2023 sale, where it rises to 49% above the HPI. The line then continues to track at 49% above the HPI.

What might 16 CORBEL CLOSE be worth now?

16 CORBEL CLOSE might now be worth an estimated £310,904.

This is based on house price inflation of 5.4%, between February 2023 and February 2025, for semi-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 5.4% inflationary increase is applied to the most recent sale price for 16 CORBEL CLOSE of £295,000 on 28th February 2023. For the value to have increased from £295,000 to £310,904 over the two years to February 2025, the following assumptions must hold true:

• The value of 16 CORBEL CLOSE has moved in line with the HPI for semi-detached houses in the City of Derby local authority area.
• The February 2023 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 16 CORBEL CLOSE has not materially changed since February 2023.

How Large is 16 CORBEL CLOSE?

16 CORBEL CLOSE is 79m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the smallest 20% of semi-detached houses houses in Derby, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Derby, and where 16 CORBEL CLOSE lies on this distribution: 19% of semi-detached houses houses are smaller than 16 CORBEL CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Derby.

16 CORBEL CLOSE: Plot and Title Map

16 CORBEL CLOSE sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 16 CORBEL 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 16 CORBEL 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 16 CORBEL CLOSE?

16 CORBEL CLOSE is located in OAKWOOD, in the DE21 postcode district. The below map shows the position of No. 16 on CORBEL CLOSE.