3, PARKWAY, CHELLASTON, DERBY, DE73 5QA - £225,000

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.

3 PARKWAY is a very small semi-detached house of 77m², which could now be worth an estimated £254,319. It was last sold for £225,000 in March 2022, which was around 22% above the average March 2022 semi-detached price in the City of Derby local authority area. The most recent EPC inspection was May 2016, where the current energy rating was B, and the potential energy rating was A.

3 PARKWAY Sold Prices

Land registry data shows two sales for 3 PARKWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the City of Derby local authority area for the corresponding sale date. Both of the two 3 PARKWAY 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
2022 15 MAR	£225,000	£184,785	22% above HPI
2016 19 MAY	£167,500	£138,596	21% above HPI

3 PARKWAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the City of Derby local authority area over time, sourced from the HPI. The two 3 PARKWAY sales from May 2016 and March 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 May 2016 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the March 2022 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 3 PARKWAY be worth now?

3 PARKWAY might now be worth an estimated £254,319.

This is based on house price inflation of 13%, between March 2022 and February 2025, for semi-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 13% inflationary increase is applied to the most recent sale price for 3 PARKWAY of £225,000 on 15th March 2022. For the value to have increased from £225,000 to £254,319 over the three years and one month to February 2025, the following assumptions must hold true:

• The value of 3 PARKWAY has moved in line with the HPI for semi-detached houses in the City of Derby local authority area.
• The March 2022 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PARKWAY has not materially changed since March 2022.

How Large is 3 PARKWAY?

3 PARKWAY is 77m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 20% of semi-detached houses houses in Derby, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Derby, and where 3 PARKWAY lies on this distribution: 17% of semi-detached houses houses are smaller than 3 PARKWAY, and 82% of houses are larger. Note that EPC data is not available for all properties in Derby.

3 PARKWAY: Plot and Title Map

3 PARKWAY sits on a plot of roughly 0.025 of an acre, or 100m². The below map shows the location of 3 PARKWAY, 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 PARKWAY). 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 PARKWAY?

3 PARKWAY is located in CHELLASTON, in the DE73 postcode district. The below map shows the position of No. 3 on PARKWAY.