38, SWEET LEYS WAY, MELBOURNE, DERBY, DE73 8LE - £330,000

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.

38 SWEET LEYS WAY is a very small detached house of 87m², which could now be worth an estimated £392,307. It was last sold for £330,000 in March 2021, which was around 11% above the average March 2021 detached price in the South Derbyshire local authority area. The most recent EPC inspection was July 2011, where the current energy rating was C, and the potential energy rating was B.

38 SWEET LEYS WAY Sold Prices

Land registry data shows three sales for 38 SWEET LEYS WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Derbyshire local authority area for the corresponding sale date. All of the three 38 SWEET LEYS 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
2021 25 MAR	£330,000	£296,780	11% above HPI
2018 30 NOV	£310,000	£284,152	9% above HPI
2013 27 SEP	£240,000	£207,510	16% above HPI

38 SWEET LEYS WAY 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 three 38 SWEET LEYS WAY sales between September 2013 and March 2021 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 November 2018 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the March 2021 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 38 SWEET LEYS WAY be worth now?

38 SWEET LEYS WAY might now be worth an estimated £392,307.

This is based on house price inflation of 18.9%, between March 2021 and February 2025, for detached houses, in the South Derbyshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.9% inflationary increase is applied to the most recent sale price for 38 SWEET LEYS WAY of £330,000 on 25th March 2021. For the value to have increased from £330,000 to £392,307 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 38 SWEET LEYS WAY has moved in line with the HPI for detached houses in the South Derbyshire local authority area.
• The March 2021 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 38 SWEET LEYS WAY has not materially changed since March 2021.

How Large is 38 SWEET LEYS WAY?

38 SWEET LEYS WAY is 87m² according to the EPC inspection conducted in July 2011. This puts it in the smallest 20% of detached houses houses in Melbourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Melbourne, and where 38 SWEET LEYS WAY lies on this distribution: 17% of detached houses houses are smaller than 38 SWEET LEYS WAY, and 83% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

38 SWEET LEYS WAY: Plot and Title Map

38 SWEET LEYS WAY sits on a plot of roughly 0.082 of an acre, or 332m². The below map shows the location of 38 SWEET LEYS 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 38 SWEET LEYS 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 38 SWEET LEYS WAY?

38 SWEET LEYS WAY is located in MELBOURNE, in the DE73 postcode district. The below map shows the position of No. 38 on SWEET LEYS WAY.