3, THE LEES, ELVASTON, DERBY, DE72 3UN - £136,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 THE LEES is a large extended detached house of 120m², built sometime between 1996 and 2002. It was last sold for £136,000 in January 2002, which was around 19% above the average January 2002 detached price in the South Derbyshire local authority area. The most recent EPC inspection was December 2013, where the current energy rating was D, and the potential energy rating was B.

3 THE LEES Sold Prices

Land registry data shows two sales for 3 THE LEES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Derbyshire local authority area for the corresponding sale date. Both of the two 3 THE LEES 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 10 JAN	£136,000	£113,964	19% above HPI
1997 30 SEP	£98,950	£75,653	31% above HPI

3 THE LEES Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Derbyshire local authority area over time, sourced from the HPI. The two 3 THE LEES sales from September 1997 and January 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 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the January 2002 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is 3 THE LEES?

3 THE LEES is 120m², which includes one extension, according to the EPC inspection conducted in December 2013. This puts it in the largest 40% 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 THE LEES lies on this distribution: 64% of detached houses are smaller than 3 THE LEES, and 35% of houses are larger. Note that EPC data is not available for all properties in Derby.

3 THE LEES: Plot and Title Map

3 THE LEES sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of 3 THE LEES, 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 THE LEES). 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 THE LEES?

3 THE LEES is located in ELVASTON, in the DE72 postcode district. The below map shows the position of No. 3 on THE LEES.