18, MELBOURNE CLOSE, ALLESTREE, DERBY, DE22 2QS - £154,950

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

18 MELBOURNE CLOSE is a very small semi-detached house of 75m², built sometime between 1950 and 1966, which could now be worth an estimated £253,977. It was last sold for £154,950 in February 2015, which was around 20% above the average February 2015 semi-detached price in the City of Derby local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

18 MELBOURNE CLOSE Sold Prices

Land registry data shows three sales for 18 MELBOURNE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the City of Derby local authority area for the corresponding sale date. All of the three 18 MELBOURNE 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
2015 17 FEB	£154,950	£129,497	20% above HPI
2005 18 FEB	£167,500	£115,989	44% above HPI
2001 26 APR	£72,000	£50,620	42% above HPI

18 MELBOURNE 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 three 18 MELBOURNE CLOSE sales between April 2001 and February 2015 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 February 2005 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the February 2015 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 18 MELBOURNE CLOSE be worth now?

18 MELBOURNE CLOSE might now be worth an estimated £253,977.

This is based on house price inflation of 63.9%, between February 2015 and December 2024, 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 63.9% inflationary increase is applied to the most recent sale price for 18 MELBOURNE CLOSE of £154,950 on 17th February 2015. For the value to have increased from £154,950 to £253,977 over the eight years and two months to December 2024, the following assumptions must hold true:

• The value of 18 MELBOURNE CLOSE has moved in line with the HPI for semi-detached houses in the City of Derby local authority area.
• The February 2015 sale price of £154,950 represented a fair market value for the property.
• The size, condition, and specification of 18 MELBOURNE CLOSE has not materially changed since February 2015.

How Large is 18 MELBOURNE CLOSE?

18 MELBOURNE CLOSE is 75m² according to the EPC inspection conducted in June 2014. 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 18 MELBOURNE CLOSE lies on this distribution: 15% of semi-detached houses houses are smaller than 18 MELBOURNE CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Derby.

18 MELBOURNE CLOSE: Plot and Title Map

18 MELBOURNE CLOSE sits on a plot of roughly 0.051 of an acre, or 207m². The below map shows the location of 18 MELBOURNE 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 18 MELBOURNE 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 18 MELBOURNE CLOSE?

18 MELBOURNE CLOSE is located in ALLESTREE, in the DE22 postcode district. The below map shows the position of No. 18 on MELBOURNE CLOSE.