27, RICHMOND LANE, CHELLASTON, DERBY, DE73 6AE - £265,000

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

27 RICHMOND LANE is a very small detached house of 79m². It was last sold for £265,000 in December 2022, which was around 22% below the average December 2022 detached price in the South Derbyshire local authority area. The most recent EPC inspection was January 2020, where the current energy rating was B, and the potential energy rating was A.

27 RICHMOND LANE Sold Prices

Land registry data shows two sales for 27 RICHMOND 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 South Derbyshire local authority area for the corresponding sale date. Both of the two 27 RICHMOND LANE 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
2022 16 DEC	£265,000	£338,975	22% below HPI
2020 27 MAR	£232,995	£269,489	14% below HPI

27 RICHMOND LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Derbyshire local authority area over time, sourced from the HPI. The two 27 RICHMOND LANE sales from March 2020 and December 2022 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 2020 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the December 2022 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 27 RICHMOND LANE?

27 RICHMOND LANE is 79m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 20% of detached houses in Derby, based on EPC data. The below chart shows the distribution of detached houses by size in Derby, and where 27 RICHMOND LANE lies on this distribution: 19% of detached houses are smaller than 27 RICHMOND LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Derby.

27 RICHMOND LANE: Plot and Title Map

27 RICHMOND LANE sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 27 RICHMOND 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 27 RICHMOND 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 27 RICHMOND LANE?

27 RICHMOND LANE is located in CHELLASTON, in the DE73 postcode district. The below map shows the position of No. 27 on RICHMOND LANE.