2, MEDINA CLOSE, ALVASTON, DERBY, DE24 0UD - £183,000

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 MEDINA CLOSE is a very large extended detached house of 176m², built sometime between 1983 and 1990. It was last sold for £183,000 in July 2007, which was around 12% below the average July 2007 detached price in the City of Derby local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was C.

2 MEDINA CLOSE Sold Prices

Land registry data shows four sales for 2 MEDINA CLOSE 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. Most of the four 2 MEDINA 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
2007 20 JUL	£183,000	£209,114	12% below HPI
2005 15 DEC	£212,000	£188,420	13% above HPI
2003 9 SEP	£178,500	£152,614	17% above HPI
2002 27 SEP	£155,000	£121,388	28% above HPI

2 MEDINA 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 four 2 MEDINA CLOSE sales between September 2002 and July 2007 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 December 2005 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the July 2007 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 2 MEDINA CLOSE?

2 MEDINA CLOSE is 176m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the largest 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 MEDINA CLOSE lies on this distribution: 92% of detached houses are smaller than 2 MEDINA CLOSE, and 8% of houses are larger. Note that EPC data is not available for all properties in Derby.

2 MEDINA CLOSE: Plot and Title Map

2 MEDINA CLOSE sits on a plot of roughly 0.126 of an acre, or 510m². The below map shows the location of 2 MEDINA 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 MEDINA 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 MEDINA CLOSE?

2 MEDINA CLOSE is located in ALVASTON, in the DE24 postcode district. The below map shows the position of No. 2 on MEDINA CLOSE.