2, HOPE AVENUE, MICKLEOVER, DERBY, DE3 0FZ - £215,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 HOPE AVENUE is a very small detached house of 63m², built sometime between 1967 and 1975. It was last sold for £215,000 in August 2015, which was around 1% above the average August 2015 detached price in the City of Derby local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was B.

2 HOPE AVENUE Sold Prices

Land registry data shows two sales for 2 HOPE AVENUE 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. One of the two 2 HOPE AVENUE sales was for above the average price, whilst the other was 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
2015 24 AUG	£215,000	£213,473	1% above HPI
2014 17 JAN	£152,500	£192,375	21% below HPI

2 HOPE AVENUE 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 HOPE AVENUE sales from January 2014 and August 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 January 2014 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2015 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 2 HOPE AVENUE?

2 HOPE AVENUE is 63m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 10% of detached houses in Derby, based on EPC data. The below chart shows the distribution of detached houses by size in Derby, and where 2 HOPE AVENUE lies on this distribution: 6% of detached houses are smaller than 2 HOPE AVENUE, and 93% of houses are larger. Note that EPC data is not available for all properties in Derby.

2 HOPE AVENUE: Plot and Title Map

2 HOPE AVENUE sits on a plot of roughly 0.096 of an acre, or 388m². The below map shows the location of 2 HOPE AVENUE, 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 HOPE AVENUE). 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 HOPE AVENUE?

2 HOPE AVENUE is located in MICKLEOVER, in the DE3 postcode district. The below map shows the position of No. 2 on HOPE AVENUE.