47, GRAVEL PIT LANE, SPONDON, DERBY, DE21 7DB - £190,000

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

47 GRAVEL PIT LANE is a large detached house of 136m², built sometime between 1976 and 1982. It was last sold for £190,000 in November 2016, which was around 16% below the average November 2016 detached price in the City of Derby local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was C.

47 GRAVEL PIT LANE Sold Prices

Land registry data shows four sales for 47 GRAVEL PIT LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the City of Derby local authority area for the corresponding sale date. two of the four 47 GRAVEL PIT LANE sales were for below the average price, and four 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
2016 18 NOV	£190,000	£225,707	16% below HPI
2006 8 JUN	£182,000	£194,797	7% below HPI
2002 26 JUN	£119,000	£108,262	10% above HPI
1999 26 MAR	£77,500	£68,687	13% above HPI

47 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 four 47 GRAVEL PIT LANE sales between March 1999 and November 2016 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 June 2006 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the November 2016 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 47 GRAVEL PIT LANE?

47 GRAVEL PIT LANE is 136m² according to the EPC inspection conducted in July 2015. This puts it in the largest 30% of detached houses in Derby, based on EPC data. The below chart shows the distribution of detached houses by size in Derby, and where 47 GRAVEL PIT LANE lies on this distribution: 78% of detached houses are smaller than 47 GRAVEL PIT LANE, and 22% of houses are larger. Note that EPC data is not available for all properties in Derby.

47 GRAVEL PIT LANE: Plot and Title Map

47 GRAVEL PIT LANE sits on a plot of roughly 0.079 of an acre, or 320m². The below map shows the location of 47 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 47 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 47 GRAVEL PIT LANE?

47 GRAVEL PIT LANE is located in SPONDON, in the DE21 postcode district. The below map shows the position of No. 47 on GRAVEL PIT LANE.