3, VENICE CLOSE, CHELLASTON, DERBY, DE73 5BX - £277,500

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 VENICE CLOSE is a very large extended detached house of 157m², built sometime between 2003 and 2006, which could now be worth an estimated £464,167. It was last sold for £277,500 in September 2011, which was around 46% above the average September 2011 detached price in the City of Derby local authority area. The most recent EPC inspection was May 2011, where the current energy rating was C, and the potential energy rating was C.

3 VENICE CLOSE Sold Prices

Land registry data shows two sales for 3 VENICE 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 VENICE CLOSE 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
2011 30 SEP	£277,500	£189,940	46% above HPI
2008 14 MAR	£292,950	£202,673	45% above HPI

3 VENICE 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 VENICE CLOSE sales from March 2008 and September 2011 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 March 2008 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the September 2011 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might 3 VENICE CLOSE be worth now?

3 VENICE CLOSE might now be worth an estimated £464,167.

This is based on house price inflation of 67.3%, between September 2011 and February 2025, 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 67.3% inflationary increase is applied to the most recent sale price for 3 VENICE CLOSE of £277,500 on 30th September 2011. For the value to have increased from £277,500 to £464,167 over the fourteen years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 VENICE CLOSE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The September 2011 sale price of £277,500 represented a fair market value for the property.
• The size, condition, and specification of 3 VENICE CLOSE has not materially changed since September 2011.

How Large is 3 VENICE CLOSE?

3 VENICE CLOSE is 157m², which includes one extension, according to the EPC inspection conducted in May 2011. This puts it in the largest 20% 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 VENICE CLOSE lies on this distribution: 86% of detached houses houses are smaller than 3 VENICE CLOSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Derby.

3 VENICE CLOSE: Plot and Title Map

3 VENICE CLOSE sits on a plot of roughly 0.124 of an acre, or 500m². The below map shows the location of 3 VENICE 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 VENICE 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 VENICE CLOSE?

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