2, OCTAVIA CLOSE, CHELLASTON, DERBY, DE73 5AU - £390,000

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 OCTAVIA CLOSE is a very large extended detached house of 173m², built sometime between 2003 and 2006, which could now be worth an estimated £478,119. It was last sold for £390,000 in December 2020, which was around 48% above the average December 2020 detached price in the City of Derby local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

2 OCTAVIA CLOSE Sold Prices

Land registry data shows three sales for 2 OCTAVIA CLOSE 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. All of the three 2 OCTAVIA 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
2020 4 DEC	£390,000	£263,203	48% above HPI
2007 18 MAY	£312,500	£205,435	52% above HPI
2006 24 MAR	£298,000	£190,871	56% above HPI

2 OCTAVIA 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 three 2 OCTAVIA CLOSE sales between March 2006 and December 2020 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 May 2007 sale was for 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the December 2020 sale, where it falls to 48% above the HPI. The line then continues to track at 48% above the HPI.

What might 2 OCTAVIA CLOSE be worth now?

2 OCTAVIA CLOSE might now be worth an estimated £478,119.

This is based on house price inflation of 22.6%, between December 2020 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 22.6% inflationary increase is applied to the most recent sale price for 2 OCTAVIA CLOSE of £390,000 on 4th December 2020. For the value to have increased from £390,000 to £478,119 over the four years to December 2024, the following assumptions must hold true:

• The value of 2 OCTAVIA CLOSE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The December 2020 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OCTAVIA CLOSE has not materially changed since December 2020.

How Large is 2 OCTAVIA CLOSE?

2 OCTAVIA CLOSE is 173m², which includes one extension, according to the EPC inspection conducted in July 2019. This puts it in the largest 10% 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 OCTAVIA CLOSE lies on this distribution: 91% of detached houses houses are smaller than 2 OCTAVIA CLOSE, and 9% of houses are larger. Note that EPC data is not available for all properties in Derby.

2 OCTAVIA CLOSE: Plot and Title Map

2 OCTAVIA CLOSE sits on a plot of roughly 0.087 of an acre, or 352m². The below map shows the location of 2 OCTAVIA 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 OCTAVIA 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 OCTAVIA CLOSE?

2 OCTAVIA CLOSE is located in CHELLASTON, in the DE73 postcode district. The below map shows the position of No. 2 on OCTAVIA CLOSE.