17, NEARWOOD DRIVE, OAKWOOD, DERBY, DE21 2BR - £204,000

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.

17 NEARWOOD DRIVE is a very small extended detached house of 77m², built sometime between 1976 and 1982, which could now be worth an estimated £266,162. It was last sold for £204,000 in June 2020, which was around 17% below the average June 2020 detached price in the City of Derby local authority area. The most recent EPC inspection was January 2011, where the current energy rating was C, and the potential energy rating was C.

17 NEARWOOD DRIVE Sold Prices

Land registry data shows seven sales for 17 NEARWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average detached price in the City of Derby local authority area for the corresponding sale date. All of the seven 17 NEARWOOD DRIVE 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
2020 24 JUN	£204,000	£246,833	17% below HPI
2014 23 JUN	£177,500	£200,106	11% below HPI
2011 11 FEB	£168,000	£180,148	7% below HPI
2008 9 MAY	£145,000	£200,617	28% below HPI
2003 16 MAY	£135,000	£139,509	3% below HPI
2000 23 AUG	£79,000	£82,972	5% below HPI
1998 29 MAY	£59,000	£68,141	13% below HPI

17 NEARWOOD 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 seven 17 NEARWOOD DRIVE sales between May 1998 and June 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 June 2014 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the June 2020 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 17 NEARWOOD DRIVE be worth now?

17 NEARWOOD DRIVE might now be worth an estimated £266,162.

This is based on house price inflation of 30.5%, between June 2020 and July 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 30.5% inflationary increase is applied to the most recent sale price for 17 NEARWOOD DRIVE of £204,000 on 24th June 2020. For the value to have increased from £204,000 to £266,162 over the four years and eleven months to July 2025, the following assumptions must hold true:

• The value of 17 NEARWOOD DRIVE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The June 2020 sale price of £204,000 represented a fair market value for the property.
• The size, condition, and specification of 17 NEARWOOD DRIVE has not materially changed since June 2020.

How Large is 17 NEARWOOD DRIVE?

17 NEARWOOD DRIVE is 77m², which includes one extension, according to the EPC inspection conducted in January 2011. This puts it in the smallest 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 17 NEARWOOD DRIVE lies on this distribution: 18% of detached houses houses are smaller than 17 NEARWOOD DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Derby.

17 NEARWOOD DRIVE: Plot and Title Map

17 NEARWOOD DRIVE sits on a plot of roughly 0.057 of an acre, or 230m². The below map shows the location of 17 NEARWOOD 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 17 NEARWOOD 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 17 NEARWOOD DRIVE?

17 NEARWOOD DRIVE is located in OAKWOOD, in the DE21 postcode district. The below map shows the position of No. 17 on NEARWOOD DRIVE.