3, SORCHESTUN LANE, CHELLASTON, DERBY, DE73 5BD - £687,500

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

3 SORCHESTUN LANE is a very large detached house of 264m². It was last sold for £687,500 in April 2021, which was around 158% above the average April 2021 detached price in the City of Derby local authority area. The most recent EPC inspection was November 2018, where the current energy rating was B, and the potential energy rating was B.

3 SORCHESTUN LANE Sold Prices

Land registry data shows two sales for 3 SORCHESTUN LANE 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 SORCHESTUN LANE 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 15 APR	£687,500	£265,983	158% above HPI
2015 9 NOV	£285,000	£214,430	33% above HPI

3 SORCHESTUN LANE 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 SORCHESTUN LANE sales from November 2015 and April 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 November 2015 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the April 2021 sale, where it rises to 158% above the HPI. The line then continues to track at 158% above the HPI.

How Large is 3 SORCHESTUN LANE?

3 SORCHESTUN LANE is 264m² according to the EPC inspection conducted in November 2018. 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 SORCHESTUN LANE lies on this distribution: 99% of detached houses are smaller than 3 SORCHESTUN LANE, and 1% of houses are larger. Note that EPC data is not available for all properties in Derby.

3 SORCHESTUN LANE: Plot and Title Map

3 SORCHESTUN LANE sits on a plot of roughly 1.6 acres, or 6,298m². The below map shows the location of 3 SORCHESTUN LANE, 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 SORCHESTUN LANE). 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 SORCHESTUN LANE?

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