2, SPENCER ROAD, BELPER, DE56 1JY - £306,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 SPENCER ROAD is a large detached house of 110m², built sometime between 1900 and 1929, which could now be worth an estimated £435,250. It was last sold for £306,000 in June 2018, which was around 28% above the average June 2018 detached price in the Amber Valley local authority area. The most recent EPC inspection was July 2015, where the current energy rating was E, and the potential energy rating was C.

2 SPENCER ROAD Sold Prices

Land registry data shows three sales for 2 SPENCER ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. All of the three 2 SPENCER ROAD 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
2018 18 JUN	£306,000	£238,952	28% above HPI
2015 16 OCT	£249,950	£211,235	18% above HPI
1998 11 DEC	£76,000	£69,476	9% above HPI

2 SPENCER ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Amber Valley local authority area over time, sourced from the HPI. The three 2 SPENCER ROAD sales between December 1998 and June 2018 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 2015 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the June 2018 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 2 SPENCER ROAD be worth now?

2 SPENCER ROAD might now be worth an estimated £435,250.

This is based on house price inflation of 42.2%, between June 2018 and February 2025, for detached houses, in the Amber Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 42.2% inflationary increase is applied to the most recent sale price for 2 SPENCER ROAD of £306,000 on 18th June 2018. For the value to have increased from £306,000 to £435,250 over the seven years and four months to February 2025, the following assumptions must hold true:

• The value of 2 SPENCER ROAD has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The June 2018 sale price of £306,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SPENCER ROAD has not materially changed since June 2018.

How Large is 2 SPENCER ROAD?

2 SPENCER ROAD is 110m² according to the EPC inspection conducted in July 2015. This puts it in the largest 40% of detached houses houses in Belper, based on EPC data. The below chart shows the distribution of detached houses houses by size in Belper, and where 2 SPENCER ROAD lies on this distribution: 63% of detached houses houses are smaller than 2 SPENCER ROAD, and 36% of houses are larger. Note that EPC data is not available for all properties in Belper.

2 SPENCER ROAD: Plot and Title Map

2 SPENCER ROAD sits on a plot of roughly 0.128 of an acre, or 516m². The below map shows the location of 2 SPENCER ROAD, 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 SPENCER ROAD). 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 SPENCER ROAD?

2 SPENCER ROAD is located in BELPER, in the DE56 postcode district. The below map shows the position of No. 2 on SPENCER ROAD.