2, NEARWOOD DRIVE, OAKWOOD, DERBY, DE21 2BR - £273,000

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 NEARWOOD DRIVE is a small detached house of 96m², built sometime between 1983 and 1990. It was last sold for £273,000 in September 2022, which was around 10% below the average September 2022 detached price in the City of Derby local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

2 NEARWOOD DRIVE Sold Prices

Land registry data shows three sales for 2 NEARWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the City of Derby local authority area for the corresponding sale date. One of the three 2 NEARWOOD DRIVE sales was for below the average price, whilst two 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
2022 29 SEP	£273,000	£302,604	10% below HPI
1998 20 JUL	£70,750	£68,851	3% above HPI
1997 11 JUL	£69,500	£66,428	5% above HPI

2 NEARWOOD 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 three 2 NEARWOOD DRIVE sales between July 1997 and September 2022 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 July 1998 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the September 2022 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 2 NEARWOOD DRIVE?

2 NEARWOOD DRIVE is 96m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 40% 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 NEARWOOD DRIVE lies on this distribution: 39% of detached houses are smaller than 2 NEARWOOD DRIVE, and 61% of houses are larger. Note that EPC data is not available for all properties in Derby.

2 NEARWOOD DRIVE: Plot and Title Map

2 NEARWOOD DRIVE sits on a plot of roughly 0.101 of an acre, or 409m². The below map shows the location of 2 NEARWOOD 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 2 NEARWOOD 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 2 NEARWOOD DRIVE?

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