3, GRASMERE AVENUE, SPONDON, DERBY, DE21 7JZ - £125,000

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

3 GRASMERE AVENUE is a very small detached house of 49m², built sometime between 1950 and 1966. It was last sold for £125,000 in September 2013, which was around 35% below the average September 2013 detached price in the City of Derby local authority area. The most recent EPC inspection was June 2013, where the current energy rating was E, and the potential energy rating was C.

3 GRASMERE AVENUE Sold Prices

Land registry data shows three sales for 3 GRASMERE AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the City of Derby local authority area for the corresponding sale date. All of the three 3 GRASMERE AVENUE 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
2013 25 SEP	£125,000	£192,411	35% below HPI
2002 17 OCT	£89,500	£124,072	28% below HPI
1995 11 AUG	£44,000	£63,221	30% below HPI

3 GRASMERE AVENUE 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 three 3 GRASMERE AVENUE sales between August 1995 and September 2013 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 October 2002 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the September 2013 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 3 GRASMERE AVENUE?

3 GRASMERE AVENUE is 49m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 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 3 GRASMERE AVENUE lies on this distribution: 1% of detached houses are smaller than 3 GRASMERE AVENUE, and 99% of houses are larger. Note that EPC data is not available for all properties in Derby.

3 GRASMERE AVENUE: Plot and Title Map

3 GRASMERE AVENUE sits on a plot of roughly 0.079 of an acre, or 322m². The below map shows the location of 3 GRASMERE AVENUE, 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 3 GRASMERE AVENUE). 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 3 GRASMERE AVENUE?

3 GRASMERE AVENUE is located in SPONDON, in the DE21 postcode district. The below map shows the position of No. 3 on GRASMERE AVENUE.