22, PARK LANE, ALLESTREE, DERBY, DE22 2DT - £875,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

22 PARK LANE is a very large extended detached house of 183m², built sometime between 1967 and 1975. It was last sold for £875,000 in February 2024, which was around 190% above the average February 2024 detached price in the City of Derby local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

22 PARK LANE Sold Prices

Land registry data shows two sales for 22 PARK LANE 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 22 PARK LANE 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
2024 19 FEB	£875,000	£301,745	190% above HPI
2014 21 MAY	£375,000	£195,760	92% above HPI

22 PARK LANE 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 22 PARK LANE sales from May 2014 and February 2024 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 2014 sale was for 92% above the HPI. So the extrapolation line tracks at 92% above the HPI over time, until the February 2024 sale, where it rises to 190% above the HPI. The line then continues to track at 190% above the HPI.

How Large is 22 PARK LANE?

22 PARK LANE is 183m², which includes one extension, according to the EPC inspection conducted in August 2023. This puts it in the largest 10% of detached houses in Derby, based on EPC data. The below chart shows the distribution of detached houses by size in Derby, and where 22 PARK LANE lies on this distribution: 93% of detached houses are smaller than 22 PARK LANE, and 7% of houses are larger. Note that EPC data is not available for all properties in Derby.

22 PARK LANE: Plot and Title Map

22 PARK LANE sits on a plot of roughly 0.245 of an acre, or 993m². The below map shows the location of 22 PARK LANE, 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 22 PARK LANE). 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 22 PARK LANE?

22 PARK LANE is located in ALLESTREE, in the DE22 postcode district. The below map shows the position of No. 22 on PARK LANE.