24, BANKFIELD DRIVE, SPONDON, DERBY, DE21 7QZ - £275,000

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.

24 BANKFIELD DRIVE is a small detached house of 88m², built sometime between 1967 and 1975, which could now be worth an estimated £271,843. It was last sold for £275,000 in October 2024, which was around 14% below the average October 2024 detached price in the City of Derby local authority area. The most recent EPC inspection was July 2024, where the current energy rating was C, and the potential energy rating was B.

24 BANKFIELD DRIVE Sold Prices

Land registry data shows two sales for 24 BANKFIELD DRIVE 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 24 BANKFIELD DRIVE 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
2024 31 OCT	£275,000	£321,398	14% below HPI
2024 26 MAR	£167,000	£308,242	46% below HPI

24 BANKFIELD DRIVE 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 24 BANKFIELD DRIVE sales from March 2024 and October 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 March 2024 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the October 2024 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 24 BANKFIELD DRIVE be worth now?

24 BANKFIELD DRIVE might now be worth an estimated £271,843.

This is based on house price deflation of 1.1%, between October 2024 and February 2025, 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 1.1% deflationary decrease is applied to the most recent sale price for 24 BANKFIELD DRIVE of £275,000 on 31st October 2024. For the value to have decreased from £275,000 to £271,843 over the one year and eight months to February 2025, the following assumptions must hold true:

• The value of 24 BANKFIELD DRIVE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The October 2024 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 24 BANKFIELD DRIVE has not materially changed since October 2024.

How Large is 24 BANKFIELD DRIVE?

24 BANKFIELD DRIVE is 88m² according to the EPC inspection conducted in July 2024. This puts it in the smallest 30% 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 24 BANKFIELD DRIVE lies on this distribution: 29% of detached houses houses are smaller than 24 BANKFIELD DRIVE, and 70% of houses are larger. Note that EPC data is not available for all properties in Derby.

24 BANKFIELD DRIVE: Plot and Title Map

24 BANKFIELD DRIVE sits on a plot of roughly 0.142 of an acre, or 576m². The below map shows the location of 24 BANKFIELD DRIVE, 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 24 BANKFIELD DRIVE). 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 24 BANKFIELD DRIVE?

24 BANKFIELD DRIVE is located in SPONDON, in the DE21 postcode district. The below map shows the position of No. 24 on BANKFIELD DRIVE.