2, ELKSTONE CLOSE, OAKWOOD, DERBY, DE21 2EP - £295,000

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

2 ELKSTONE CLOSE is a midsized detached house of 116m², built sometime between 1996 and 2002, which could now be worth an estimated £407,668. It was last sold for £295,000 in April 2018, which was around 26% above the average April 2018 detached price in the City of Derby local authority area. The most recent EPC inspection was July 2017, where the current energy rating was C, and the potential energy rating was B.

2 ELKSTONE CLOSE Sold Prices

Land registry data shows two sales for 2 ELKSTONE 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 2 ELKSTONE 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
2018 20 APR	£295,000	£233,495	26% above HPI
1997 16 APR	£78,000	£64,778	20% above HPI

2 ELKSTONE 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 2 ELKSTONE CLOSE sales from April 1997 and April 2018 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 April 1997 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the April 2018 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 2 ELKSTONE CLOSE be worth now?

2 ELKSTONE CLOSE might now be worth an estimated £407,668.

This is based on house price inflation of 38.2%, between April 2018 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 38.2% inflationary increase is applied to the most recent sale price for 2 ELKSTONE CLOSE of £295,000 on 20th April 2018. For the value to have increased from £295,000 to £407,668 over the five years and four months to December 2024, the following assumptions must hold true:

• The value of 2 ELKSTONE CLOSE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The April 2018 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ELKSTONE CLOSE has not materially changed since April 2018.

How Large is 2 ELKSTONE CLOSE?

2 ELKSTONE CLOSE is 116m² according to the EPC inspection conducted in July 2017. This puts it in the largest 40% 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 2 ELKSTONE CLOSE lies on this distribution: 60% of detached houses houses are smaller than 2 ELKSTONE CLOSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Derby.

2 ELKSTONE CLOSE: Plot and Title Map

2 ELKSTONE CLOSE sits on a plot of roughly 0.103 of an acre, or 415m². The below map shows the location of 2 ELKSTONE 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 2 ELKSTONE 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 2 ELKSTONE CLOSE?

2 ELKSTONE CLOSE is located in OAKWOOD, in the DE21 postcode district. The below map shows the position of No. 2 on ELKSTONE CLOSE.