44, COMMERCE STREET, MELBOURNE, DERBY, DE73 8FT - £925,000

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.

44 COMMERCE STREET is a very large extended detached house of 434m², built sometime before 1900, which could now be worth an estimated £1,180,755. It was last sold for £925,000 in August 2019, which was around 230% above the average August 2019 detached price in the South Derbyshire local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was C.

44 COMMERCE STREET Sold Prices

Land registry data shows four sales for 44 COMMERCE STREET since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Derbyshire local authority area for the corresponding sale date. All of the four 44 COMMERCE STREET 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
2019 22 AUG	£925,000	£280,601	230% above HPI
2010 12 APR	£762,500	£205,953	270% above HPI
2007 30 MAR	£725,000	£228,213	218% above HPI
1995 14 JUL	£133,000	£70,926	88% above HPI

44 COMMERCE STREET 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 four 44 COMMERCE STREET sales between July 1995 and August 2019 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 April 2010 sale was for 270% above the HPI. So the extrapolation line tracks at 270% above the HPI over time, until the August 2019 sale, where it falls to 230% above the HPI. The line then continues to track at 230% above the HPI.

What might 44 COMMERCE STREET be worth now?

44 COMMERCE STREET might now be worth an estimated £1,180,755.

This is based on house price inflation of 27.6%, between August 2019 and March 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 27.6% inflationary increase is applied to the most recent sale price for 44 COMMERCE STREET of £925,000 on 22nd August 2019. For the value to have increased from £925,000 to £1,180,755 over the six years and five months to March 2025, the following assumptions must hold true:

• The value of 44 COMMERCE STREET has moved in line with the HPI for detached houses in the South Derbyshire local authority area.
• The August 2019 sale price of £925,000 represented a fair market value for the property.
• The size, condition, and specification of 44 COMMERCE STREET has not materially changed since August 2019.

How Large is 44 COMMERCE STREET?

44 COMMERCE STREET is 434m², which includes two extensions, according to the EPC inspection conducted in August 2019. This puts it in the largest 10% 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 44 COMMERCE STREET lies on this distribution: 99% of detached houses houses are smaller than 44 COMMERCE STREET, and 1% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

44 COMMERCE STREET: Plot and Title Map

44 COMMERCE STREET sits on a plot of roughly 0.423 of an acre, or 1,710m². The below map shows the location of 44 COMMERCE STREET, 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 44 COMMERCE STREET). 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 44 COMMERCE STREET?

44 COMMERCE STREET is located in MELBOURNE, in the DE73 postcode district. The below map shows the position of No. 44 on COMMERCE STREET.