31, HOPE STREET, MELBOURNE, DERBY, DE73 8FX - £320,000

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

31 HOPE STREET is a midsized extended detached house of 135m², built sometime before 1900. It was last sold for £320,000 in July 2012, which was around 56% above the average July 2012 detached price in the South Derbyshire local authority area. The most recent EPC inspection was April 2012, where the current energy rating was E, and the potential energy rating was C.

31 HOPE STREET Sold Prices

Land registry data shows four sales for 31 HOPE STREET since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Derbyshire local authority area for the corresponding sale date. All of the four 31 HOPE STREET 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
2012 30 JUL	£320,000	£204,891	56% above HPI
2004 8 DEC	£272,000	£200,697	36% above HPI
2000 3 OCT	£140,000	£95,882	46% above HPI
1995 27 MAR	£95,000	£65,830	44% above HPI

31 HOPE STREET 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 four 31 HOPE STREET sales between March 1995 and July 2012 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 December 2004 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the July 2012 sale, where it rises to 56% above the HPI. The line then continues to track at 56% above the HPI.

How Large is 31 HOPE STREET?

31 HOPE STREET is 135m², which includes one extension, according to the EPC inspection conducted in April 2012. This puts it in the largest 50% of detached houses in Melbourne, based on EPC data. The below chart shows the distribution of detached houses by size in Melbourne, and where 31 HOPE STREET lies on this distribution: 57% of detached houses are smaller than 31 HOPE STREET, and 42% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

31 HOPE STREET: Plot and Title Map

31 HOPE STREET sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 31 HOPE STREET, 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 31 HOPE STREET). 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 31 HOPE STREET?

31 HOPE STREET is located in MELBOURNE, in the DE73 postcode district. The below map shows the position of No. 31 on HOPE STREET.