2, WOODLANDS WAY, MELBOURNE, DERBY, DE73 8DR - £175,000

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 WOODLANDS WAY is a very small terraced house of 46m², built sometime between 1983 and 1990, which could now be worth an estimated £199,794. It was last sold for £175,000 in August 2021, which was around 10% above the average August 2021 terraced price in the South Derbyshire local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

2 WOODLANDS WAY Sold Prices

Land registry data shows two sales for 2 WOODLANDS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the South Derbyshire local authority area for the corresponding sale date. One of the two 2 WOODLANDS WAY sales was for above the average price, whilst the other was 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
2021 2 AUG	£175,000	£159,414	10% above HPI
2019 18 APR	£139,500	£140,242	1% below HPI

2 WOODLANDS WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the South Derbyshire local authority area over time, sourced from the HPI. The two 2 WOODLANDS WAY sales from April 2019 and August 2021 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 April 2019 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the August 2021 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 2 WOODLANDS WAY be worth now?

2 WOODLANDS WAY might now be worth an estimated £199,794.

This is based on house price inflation of 14.2%, between August 2021 and June 2025, for terraced houses, in the South Derbyshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.2% inflationary increase is applied to the most recent sale price for 2 WOODLANDS WAY of £175,000 on 2nd August 2021. For the value to have increased from £175,000 to £199,794 over the four years and two months to June 2025, the following assumptions must hold true:

• The value of 2 WOODLANDS WAY has moved in line with the HPI for terraced houses in the South Derbyshire local authority area.
• The August 2021 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WOODLANDS WAY has not materially changed since August 2021.

How Large is 2 WOODLANDS WAY?

2 WOODLANDS WAY is 46m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 10% of terraced houses houses in Melbourne, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Melbourne, and where 2 WOODLANDS WAY lies on this distribution: Less than 1% of terraced houses houses are smaller than 2 WOODLANDS WAY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

2 WOODLANDS WAY: Plot and Title Map

2 WOODLANDS WAY sits on a plot of roughly 0.043 of an acre, or 176m². The below map shows the location of 2 WOODLANDS WAY, 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 WOODLANDS WAY). 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 WOODLANDS WAY?

2 WOODLANDS WAY is located in MELBOURNE, in the DE73 postcode district. The below map shows the position of No. 2 on WOODLANDS WAY.