2, NORTH CLOSE, MICKLEOVER, DERBY, DE3 9JA - £485,500

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 NORTH CLOSE is a very large extended detached house of 151m², built sometime between 1900 and 1929, which could now be worth an estimated £508,156. It was last sold for £485,500 in November 2023, which was around 57% above the average November 2023 detached price in the City of Derby local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was B.

2 NORTH CLOSE Sold Prices

Land registry data shows two sales for 2 NORTH 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 NORTH 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
2023 24 NOV	£485,500	£308,287	57% above HPI
2003 21 NOV	£175,000	£161,369	8% above HPI

2 NORTH 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 NORTH CLOSE sales from November 2003 and November 2023 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 November 2003 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the November 2023 sale, where it rises to 57% above the HPI. The line then continues to track at 57% above the HPI.

What might 2 NORTH CLOSE be worth now?

2 NORTH CLOSE might now be worth an estimated £508,156.

This is based on house price inflation of 4.7%, between November 2023 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 4.7% inflationary increase is applied to the most recent sale price for 2 NORTH CLOSE of £485,500 on 24th November 2023. For the value to have increased from £485,500 to £508,156 over the eleven months to December 2024, the following assumptions must hold true:

• The value of 2 NORTH CLOSE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The November 2023 sale price of £485,500 represented a fair market value for the property.
• The size, condition, and specification of 2 NORTH CLOSE has not materially changed since November 2023.

How Large is 2 NORTH CLOSE?

2 NORTH CLOSE is 151m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the largest 20% 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 NORTH CLOSE lies on this distribution: 85% of detached houses houses are smaller than 2 NORTH CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Derby.

2 NORTH CLOSE: Plot and Title Map

2 NORTH CLOSE sits on a plot of roughly 0.175 of an acre, or 707m². The below map shows the location of 2 NORTH 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 NORTH 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 NORTH CLOSE?

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