3, SOVEREIGN WAY, OAKWOOD, DERBY, DE21 2XU - £138,950

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 SOVEREIGN WAY is a large extended detached house of 135m², built sometime between 1996 and 2002. It was last sold for £138,950 in March 2002, which was around 37% above the average March 2002 detached price in the City of Derby local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

3 SOVEREIGN WAY Sold Prices

Land registry data shows two sales for 3 SOVEREIGN WAY 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 SOVEREIGN 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
2002 15 MAR	£138,950	£101,238	37% above HPI
1997 25 SEP	£98,995	£68,560	44% above HPI

3 SOVEREIGN 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 two 3 SOVEREIGN WAY sales from September 1997 and March 2002 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 September 1997 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the March 2002 sale, where it falls to 37% above the HPI. The line then continues to track at 37% above the HPI.

How Large is 3 SOVEREIGN WAY?

3 SOVEREIGN WAY is 135m², which includes one extension, according to the EPC inspection conducted in July 2013. This puts it in the largest 30% 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 SOVEREIGN WAY lies on this distribution: 77% of detached houses are smaller than 3 SOVEREIGN WAY, and 22% of houses are larger. Note that EPC data is not available for all properties in Derby.

3 SOVEREIGN WAY: Plot and Title Map

3 SOVEREIGN WAY sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 3 SOVEREIGN 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 SOVEREIGN 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 SOVEREIGN WAY?

3 SOVEREIGN WAY is located in OAKWOOD, in the DE21 postcode district. The below map shows the position of No. 3 on SOVEREIGN WAY.