3, MAGELLAN WAY, DERBY, DE24 1AD - £290,000

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 MAGELLAN WAY is a very large detached house of 181m², built sometime between 2007 and 2011. It was last sold for £290,000 in July 2021, which was around 6% above the average July 2021 detached price in the City of Derby local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was B.

3 MAGELLAN WAY Sold Prices

Land registry data shows three sales for 3 MAGELLAN WAY 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 MAGELLAN WAY 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
2021 27 JUL	£290,000	£273,212	6% above HPI
2016 14 OCT	£285,000	£224,484	27% above HPI
2011 21 APR	£245,995	£181,281	36% above HPI

3 MAGELLAN WAY 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 MAGELLAN WAY sales between April 2011 and July 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 October 2016 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the July 2021 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is 3 MAGELLAN WAY?

3 MAGELLAN WAY is 181m² according to the EPC inspection conducted in March 2021. 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 3 MAGELLAN WAY lies on this distribution: 93% of detached houses are smaller than 3 MAGELLAN WAY, and 7% of houses are larger. Note that EPC data is not available for all properties in Derby.

3 MAGELLAN WAY: Plot and Title Map

3 MAGELLAN WAY sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 3 MAGELLAN WAY, 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 MAGELLAN WAY). 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 MAGELLAN WAY?

3 MAGELLAN WAY is located in DERBY, in the DE24 postcode district. The below map shows the position of No. 3 on MAGELLAN WAY.