3, HOVETON CLOSE, SHELTON LOCK, DERBY, DE24 9QH - £158,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 HOVETON CLOSE is a very small detached house of 57m², built sometime between 1967 and 1975. It was last sold for £158,000 in January 2021, which was around 40% below the average January 2021 detached price in the City of Derby local authority area. The most recent EPC inspection was May 2020, where the current energy rating was D, and the potential energy rating was B.

3 HOVETON CLOSE Sold Prices

Land registry data shows two sales for 3 HOVETON CLOSE 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 3 HOVETON CLOSE 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
2021 25 JAN	£158,000	£264,317	40% below HPI
1997 27 MAR	£41,000	£64,682	37% below HPI

3 HOVETON CLOSE 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 3 HOVETON CLOSE sales from March 1997 and January 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 March 1997 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the January 2021 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 3 HOVETON CLOSE?

3 HOVETON CLOSE is 57m² according to the EPC inspection conducted in May 2020. 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 HOVETON CLOSE lies on this distribution: 4% of detached houses are smaller than 3 HOVETON CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Derby.

3 HOVETON CLOSE: Plot and Title Map

3 HOVETON CLOSE sits on a plot of roughly 0.049 of an acre, or 198m². The below map shows the location of 3 HOVETON CLOSE, 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 HOVETON CLOSE). 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 HOVETON CLOSE?

3 HOVETON CLOSE is located in SHELTON LOCK, in the DE24 postcode district. The below map shows the position of No. 3 on HOVETON CLOSE.