2, THORNESS CLOSE, ALVASTON, DERBY, DE24 0UY - £108,000

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 THORNESS CLOSE is a very small detached house of 45m², built sometime between 1996 and 2002, which could now be worth an estimated £177,864. It was last sold for £108,000 in July 2006, which was around 45% below the average July 2006 detached price in the City of Derby local authority area. The most recent EPC inspection was December 2019, where the current energy rating was C, and the potential energy rating was B.

2 THORNESS CLOSE Sold Prices

Land registry data shows two sales for 2 THORNESS 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 THORNESS CLOSE sales were for below 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
2006 31 JUL	£108,000	£195,929	45% below HPI
2003 9 JUN	£80,000	£141,667	44% below HPI

2 THORNESS 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 THORNESS CLOSE sales from June 2003 and July 2006 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 June 2003 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the July 2006 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

What might 2 THORNESS CLOSE be worth now?

2 THORNESS CLOSE might now be worth an estimated £177,864.

This is based on house price inflation of 64.7%, between July 2006 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 64.7% inflationary increase is applied to the most recent sale price for 2 THORNESS CLOSE of £108,000 on 31st July 2006. For the value to have increased from £108,000 to £177,864 over the seventeen years and seven months to December 2024, the following assumptions must hold true:

• The value of 2 THORNESS CLOSE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The July 2006 sale price of £108,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THORNESS CLOSE has not materially changed since July 2006.

How Large is 2 THORNESS CLOSE?

2 THORNESS CLOSE is 45m² according to the EPC inspection conducted in December 2019. This puts it in the smallest 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 THORNESS CLOSE lies on this distribution: Less than 1% of detached houses houses are smaller than 2 THORNESS CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Derby.

2 THORNESS CLOSE: Plot and Title Map

2 THORNESS CLOSE sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of 2 THORNESS 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 THORNESS 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 THORNESS CLOSE?

2 THORNESS CLOSE is located in ALVASTON, in the DE24 postcode district. The below map shows the position of No. 2 on THORNESS CLOSE.