4, NEARWOOD DRIVE, OAKWOOD, DERBY, DE21 2BR - £310,000

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

4 NEARWOOD DRIVE is a midsized detached house of 98m², built sometime between 1976 and 1982. It was last sold for £310,000 in February 2023, which was around 1% above the average February 2023 detached price in the City of Derby local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

4 NEARWOOD DRIVE Sold Prices

Land registry data shows two sales for 4 NEARWOOD 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. One of the two 4 NEARWOOD DRIVE sales was for above the average price, whilst the other was 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
2023 23 FEB	£310,000	£306,025	1% above HPI
2013 29 AUG	£150,000	£194,836	23% below HPI

4 NEARWOOD 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 4 NEARWOOD DRIVE sales from August 2013 and February 2023 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 2013 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the February 2023 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 4 NEARWOOD DRIVE?

4 NEARWOOD DRIVE is 98m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 50% of detached houses in Derby, based on EPC data. The below chart shows the distribution of detached houses by size in Derby, and where 4 NEARWOOD DRIVE lies on this distribution: 40% of detached houses are smaller than 4 NEARWOOD DRIVE, and 59% of houses are larger. Note that EPC data is not available for all properties in Derby.

4 NEARWOOD DRIVE: Plot and Title Map

4 NEARWOOD DRIVE sits on a plot of roughly 0.063 of an acre, or 255m². The below map shows the location of 4 NEARWOOD 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 4 NEARWOOD 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 4 NEARWOOD DRIVE?

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