4, HEATHERMEAD CLOSE, OAKWOOD, DERBY, DE21 2UY - £65,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

4 HEATHERMEAD CLOSE is a very small extended detached house of 72m², built sometime between 2003 and 2006, which could now be worth an estimated £111,092. It was last sold for £65,000 in September 2005, which was around 66% below the average September 2005 detached price in the City of Derby local authority area. The most recent EPC inspection was August 2024, where the current energy rating was C, and the potential energy rating was B.

4 HEATHERMEAD CLOSE Sold Prices

Land registry data shows two sales for 4 HEATHERMEAD 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 4 HEATHERMEAD CLOSE sales were for below 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
2005 30 SEP	£65,000	£188,796	66% below HPI
2003 19 SEP	£55,000	£152,825	64% below HPI

4 HEATHERMEAD 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 4 HEATHERMEAD CLOSE sales from September 2003 and September 2005 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 2003 sale was for 64% below the HPI. So the extrapolation line tracks at 64% below the HPI over time, until the September 2005 sale, where it falls to 66% below the HPI. The line then continues to track at 66% below the HPI.

What might 4 HEATHERMEAD CLOSE be worth now?

4 HEATHERMEAD CLOSE might now be worth an estimated £111,092.

This is based on house price inflation of 70.9%, between September 2005 and December 2024, 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 70.9% inflationary increase is applied to the most recent sale price for 4 HEATHERMEAD CLOSE of £65,000 on 30th September 2005. For the value to have increased from £65,000 to £111,092 over the eighteen years and nine months to December 2024, the following assumptions must hold true:

• The value of 4 HEATHERMEAD CLOSE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The September 2005 sale price of £65,000 represented a fair market value for the property.
• The size, condition, and specification of 4 HEATHERMEAD CLOSE has not materially changed since September 2005.

How Large is 4 HEATHERMEAD CLOSE?

4 HEATHERMEAD CLOSE is 72m², which includes one extension, according to the EPC inspection conducted in August 2024. This puts it in the smallest 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 4 HEATHERMEAD CLOSE lies on this distribution: 13% of detached houses houses are smaller than 4 HEATHERMEAD CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Derby.

4 HEATHERMEAD CLOSE: Plot and Title Map

4 HEATHERMEAD CLOSE sits on a plot of roughly 0.184 of an acre, or 743m². The below map shows the location of 4 HEATHERMEAD 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 4 HEATHERMEAD 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 4 HEATHERMEAD CLOSE?

4 HEATHERMEAD CLOSE is located in OAKWOOD, in the DE21 postcode district. The below map shows the position of No. 4 on HEATHERMEAD CLOSE.