18, WELNEY CLOSE, MICKLEOVER, DERBY, DE3 0NZ - £370,000

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 WELNEY CLOSE is a midsized detached house of 102m², built sometime between 1976 and 1982, which could now be worth an estimated £554,104. It was last sold for £370,000 in March 2016, which was around 72% above the average March 2016 detached price in the City of Derby local authority area. The most recent EPC inspection was July 2010, where the current energy rating was E, and the potential energy rating was D.

18 WELNEY CLOSE Sold Prices

Land registry data shows two sales for 18 WELNEY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the City of Derby local authority area for the corresponding sale date. Both of the two 18 WELNEY 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
2016 31 MAR	£370,000	£215,463	72% above HPI
2011 17 JUN	£225,000	£181,580	24% above HPI

18 WELNEY CLOSE 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 two 18 WELNEY CLOSE sales from June 2011 and March 2016 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 2011 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the March 2016 sale, where it rises to 72% above the HPI. The line then continues to track at 72% above the HPI.

What might 18 WELNEY CLOSE be worth now?

18 WELNEY CLOSE might now be worth an estimated £554,104.

This is based on house price inflation of 49.8%, between March 2016 and December 2024, 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 49.8% inflationary increase is applied to the most recent sale price for 18 WELNEY CLOSE of £370,000 on 31st March 2016. For the value to have increased from £370,000 to £554,104 over the seven years and three months to December 2024, the following assumptions must hold true:

• The value of 18 WELNEY CLOSE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The March 2016 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 18 WELNEY CLOSE has not materially changed since March 2016.

How Large is 18 WELNEY CLOSE?

18 WELNEY CLOSE is 102m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 50% 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 WELNEY CLOSE lies on this distribution: 45% of detached houses houses are smaller than 18 WELNEY CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Derby.

18 WELNEY CLOSE: Plot and Title Map

18 WELNEY CLOSE sits on a plot of roughly 0.198 of an acre, or 800m². The below map shows the location of 18 WELNEY 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 WELNEY 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 WELNEY CLOSE?

18 WELNEY CLOSE is located in MICKLEOVER, in the DE3 postcode district. The below map shows the position of No. 18 on WELNEY CLOSE.