31, SPRINGWOOD DRIVE, OAKWOOD, DERBY, DE21 2HE - £115,000

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.

31 SPRINGWOOD DRIVE is a midsized detached house of 98m², built sometime between 1991 and 1995, which could now be worth an estimated £369,387. It was last sold for £115,000 in November 2001, which was around 16% above the average November 2001 detached price in the City of Derby local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was D.

31 SPRINGWOOD DRIVE Sold Prices

Land registry data shows two sales for 31 SPRINGWOOD DRIVE 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 31 SPRINGWOOD DRIVE 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
2001 2 NOV	£115,000	£98,911	16% above HPI
1997 1 AUG	£74,000	£67,588	9% above HPI

31 SPRINGWOOD DRIVE 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 31 SPRINGWOOD DRIVE sales from August 1997 and November 2001 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 August 1997 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the November 2001 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 31 SPRINGWOOD DRIVE be worth now?

31 SPRINGWOOD DRIVE might now be worth an estimated £369,387.

This is based on house price inflation of 221.2%, between November 2001 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 221.2% inflationary increase is applied to the most recent sale price for 31 SPRINGWOOD DRIVE of £115,000 on 2nd November 2001. For the value to have increased from £115,000 to £369,387 over the 24 years and nine months to February 2025, the following assumptions must hold true:

• The value of 31 SPRINGWOOD DRIVE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The November 2001 sale price of £115,000 represented a fair market value for the property.
• The size, condition, and specification of 31 SPRINGWOOD DRIVE has not materially changed since November 2001.

How Large is 31 SPRINGWOOD DRIVE?

31 SPRINGWOOD DRIVE is 98m² according to the EPC inspection conducted in February 2012. This puts it in the smallest 50% 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 31 SPRINGWOOD DRIVE lies on this distribution: 40% of detached houses houses are smaller than 31 SPRINGWOOD DRIVE, and 60% of houses are larger. Note that EPC data is not available for all properties in Derby.

31 SPRINGWOOD DRIVE: Plot and Title Map

31 SPRINGWOOD DRIVE sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of 31 SPRINGWOOD DRIVE, 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 SPRINGWOOD DRIVE). 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 SPRINGWOOD DRIVE?

31 SPRINGWOOD DRIVE is located in OAKWOOD, in the DE21 postcode district. The below map shows the position of No. 31 on SPRINGWOOD DRIVE.