44, GRAVEL PIT LANE, SPONDON, DERBY, DE21 7DB - £235,000

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

44 GRAVEL PIT LANE is a very small detached house of 76m², built sometime between 1967 and 1975. It was last sold for £235,000 in August 2021, which was around 15% below the average August 2021 detached price in the City of Derby local authority area. The most recent EPC inspection was December 2015, where the current energy rating was D, and the potential energy rating was B.

44 GRAVEL PIT LANE Sold Prices

Land registry data shows two sales for 44 GRAVEL PIT LANE 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 44 GRAVEL PIT LANE 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
2021 11 AUG	£235,000	£275,075	15% below HPI
2016 16 SEP	£185,000	£225,899	18% below HPI

44 GRAVEL PIT LANE 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 44 GRAVEL PIT LANE sales from September 2016 and August 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 September 2016 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the August 2021 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 44 GRAVEL PIT LANE?

44 GRAVEL PIT LANE is 76m² according to the EPC inspection conducted in December 2015. This puts it in the smallest 20% of detached houses in Derby, based on EPC data. The below chart shows the distribution of detached houses by size in Derby, and where 44 GRAVEL PIT LANE lies on this distribution: 16% of detached houses are smaller than 44 GRAVEL PIT LANE, and 83% of houses are larger. Note that EPC data is not available for all properties in Derby.

44 GRAVEL PIT LANE: Plot and Title Map

44 GRAVEL PIT LANE sits on a plot of roughly 0.086 of an acre, or 349m². The below map shows the location of 44 GRAVEL PIT LANE, 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 GRAVEL PIT LANE). 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 GRAVEL PIT LANE?

44 GRAVEL PIT LANE is located in SPONDON, in the DE21 postcode district. The below map shows the position of No. 44 on GRAVEL PIT LANE.