2, OAK CLOSE, OCKBROOK, DERBY, DE72 3RZ - £65,000

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 OAK CLOSE is a large extended detached house of 127m², built sometime between 1967 and 1975, which could now be worth an estimated £323,926. It was last sold for £65,000 in March 1997, which was about the average March 1997 detached price in the Erewash local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was C.

2 OAK CLOSE Sold Prices

Land registry data shows two sales for 2 OAK 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 Erewash local authority area for the corresponding sale date. One of the two 2 OAK CLOSE sales was roughly equal to the average price, whilst the other was 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
1997 27 MAR	£65,000	£64,706	Close to HPI
1995 27 OCT	£68,000	£63,502	7% above HPI

2 OAK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Erewash local authority area over time, sourced from the HPI. The two 2 OAK CLOSE sales from October 1995 and March 1997 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 October 1995 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the March 1997 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 2 OAK CLOSE be worth now?

2 OAK CLOSE might now be worth an estimated £323,926.

This is based on house price inflation of 398.3%, between March 1997 and December 2024, for detached houses, in the Erewash local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 398.3% inflationary increase is applied to the most recent sale price for 2 OAK CLOSE of £65,000 on 27th March 1997. For the value to have increased from £65,000 to £323,926 over the 26 years and three months to December 2024, the following assumptions must hold true:

• The value of 2 OAK CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The March 1997 sale price of £65,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OAK CLOSE has not materially changed since March 1997.

How Large is 2 OAK CLOSE?

2 OAK CLOSE is 127m², which includes two extensions, according to the EPC inspection conducted in May 2011. This puts it in the largest 30% of detached houses houses in Ockbrook, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ockbrook, and where 2 OAK CLOSE lies on this distribution: 72% of detached houses houses are smaller than 2 OAK CLOSE, and 28% of houses are larger. Note that EPC data is not available for all properties in Ockbrook.

2 OAK CLOSE: Plot and Title Map

2 OAK CLOSE sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of 2 OAK 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 OAK 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 OAK CLOSE?

2 OAK CLOSE is located in OCKBROOK, in the DE72 postcode district. The below map shows the position of No. 2 on OAK CLOSE.