18, SPRINGWOOD DRIVE, OAKWOOD, DERBY, DE21 2HE - £262,000

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.

18 SPRINGWOOD DRIVE is a very large detached house of 150m², built sometime between 1983 and 1990, which could now be worth an estimated £404,889. It was last sold for £262,000 in December 2014, which was around 27% above the average December 2014 detached price in the City of Derby local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was D.

18 SPRINGWOOD DRIVE Sold Prices

Land registry data shows four sales for 18 SPRINGWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the City of Derby local authority area for the corresponding sale date. All of the four 18 SPRINGWOOD 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
2014 9 DEC	£262,000	£205,586	27% above HPI
2011 21 OCT	£240,000	£189,002	27% above HPI
2003 28 FEB	£217,000	£135,973	60% above HPI
1999 29 JUL	£115,000	£72,636	58% above HPI

18 SPRINGWOOD 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 four 18 SPRINGWOOD DRIVE sales between July 1999 and December 2014 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 October 2011 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the December 2014 sale, which was also at 27% above the HPI.

What might 18 SPRINGWOOD DRIVE be worth now?

18 SPRINGWOOD DRIVE might now be worth an estimated £404,889.

This is based on house price inflation of 54.5%, between December 2014 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 54.5% inflationary increase is applied to the most recent sale price for 18 SPRINGWOOD DRIVE of £262,000 on 9th December 2014. For the value to have increased from £262,000 to £404,889 over the eleven years and ten months to February 2025, the following assumptions must hold true:

• The value of 18 SPRINGWOOD DRIVE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The December 2014 sale price of £262,000 represented a fair market value for the property.
• The size, condition, and specification of 18 SPRINGWOOD DRIVE has not materially changed since December 2014.

How Large is 18 SPRINGWOOD DRIVE?

18 SPRINGWOOD DRIVE is 150m² according to the EPC inspection conducted in July 2010. 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 18 SPRINGWOOD DRIVE lies on this distribution: 85% of detached houses houses are smaller than 18 SPRINGWOOD DRIVE, and 15% of houses are larger. Note that EPC data is not available for all properties in Derby.

18 SPRINGWOOD DRIVE: Plot and Title Map

18 SPRINGWOOD DRIVE sits on a plot of roughly 0.114 of an acre, or 460m². The below map shows the location of 18 SPRINGWOOD 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 18 SPRINGWOOD 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 18 SPRINGWOOD DRIVE?

18 SPRINGWOOD DRIVE is located in OAKWOOD, in the DE21 postcode district. The below map shows the position of No. 18 on SPRINGWOOD DRIVE.