4, OLD MILL DRIVE, CHESTERFIELD, S41 9SA - £248,500

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.

4 OLD MILL DRIVE is a large extended detached house of 139m², built sometime between 1983 and 1990, which could now be worth an estimated £400,128. It was last sold for £248,500 in August 2015, which was around 13% above the average August 2015 detached price in the North East Derbyshire local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was C.

4 OLD MILL DRIVE Sold Prices

Land registry data shows four sales for 4 OLD MILL DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North East Derbyshire local authority area for the corresponding sale date. Most of the four 4 OLD MILL 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
2015 7 AUG	£248,500	£220,041	13% above HPI
2011 18 FEB	£237,500	£189,890	25% above HPI
2000 19 MAY	£86,000	£82,491	4% above HPI
1996 28 JUN	£59,000	£64,998	9% below HPI

4 OLD MILL DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North East Derbyshire local authority area over time, sourced from the HPI. The four 4 OLD MILL DRIVE sales between June 1996 and August 2015 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 February 2011 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the August 2015 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 4 OLD MILL DRIVE be worth now?

4 OLD MILL DRIVE might now be worth an estimated £400,128.

This is based on house price inflation of 61%, between August 2015 and February 2025, for detached houses, in the North East Derbyshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 61% inflationary increase is applied to the most recent sale price for 4 OLD MILL DRIVE of £248,500 on 7th August 2015. For the value to have increased from £248,500 to £400,128 over the ten years and six months to February 2025, the following assumptions must hold true:

• The value of 4 OLD MILL DRIVE has moved in line with the HPI for detached houses in the North East Derbyshire local authority area.
• The August 2015 sale price of £248,500 represented a fair market value for the property.
• The size, condition, and specification of 4 OLD MILL DRIVE has not materially changed since August 2015.

How Large is 4 OLD MILL DRIVE?

4 OLD MILL DRIVE is 139m², which includes two extensions, according to the EPC inspection conducted in July 2010. This puts it in the largest 40% of detached houses houses in Cutthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cutthorpe, and where 4 OLD MILL DRIVE lies on this distribution: 70% of detached houses houses are smaller than 4 OLD MILL DRIVE, and 30% of houses are larger. Note that EPC data is not available for all properties in Cutthorpe.

4 OLD MILL DRIVE: Plot and Title Map

4 OLD MILL DRIVE sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of 4 OLD MILL 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 OLD MILL 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 OLD MILL DRIVE?

4 OLD MILL DRIVE is located in CHESTERFIELD, in the S41 postcode district. The below map shows the position of No. 4 on OLD MILL DRIVE.