3, PINE CLOSE, CHADDESDEN, DERBY, DE21 6ZQ - £160,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 PINE CLOSE is a very small detached house of 52m², built sometime between 1976 and 1982, which could now be worth an estimated £225,162. It was last sold for £160,000 in August 2017, which was around 30% below the average August 2017 detached price in the City of Derby local authority area. The most recent EPC inspection was April 2015, where the current energy rating was E, and the potential energy rating was B.

3 PINE CLOSE Sold Prices

Land registry data shows two sales for 3 PINE 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 PINE 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
2017 18 AUG	£160,000	£229,291	30% below HPI
2015 24 JUL	£127,000	£210,563	40% below HPI

3 PINE 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 PINE CLOSE sales from July 2015 and August 2017 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 July 2015 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the August 2017 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 3 PINE CLOSE be worth now?

3 PINE CLOSE might now be worth an estimated £225,162.

This is based on house price inflation of 40.7%, between August 2017 and December 2024, for 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 40.7% inflationary increase is applied to the most recent sale price for 3 PINE CLOSE of £160,000 on 18th August 2017. For the value to have increased from £160,000 to £225,162 over the six years and eight months to December 2024, the following assumptions must hold true:

• The value of 3 PINE CLOSE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The August 2017 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PINE CLOSE has not materially changed since August 2017.

How Large is 3 PINE CLOSE?

3 PINE CLOSE is 52m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 10% of detached houses houses in Derby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Derby, and where 3 PINE CLOSE lies on this distribution: 1% of detached houses houses are smaller than 3 PINE CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Derby.

3 PINE CLOSE: Plot and Title Map

3 PINE CLOSE sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of 3 PINE 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 PINE 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 PINE CLOSE?

3 PINE CLOSE is located in CHADDESDEN, in the DE21 postcode district. The below map shows the position of No. 3 on PINE CLOSE.