48, GRAVEL PIT LANE, SPONDON, DERBY, DE21 7DB - £160,000

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.

48 GRAVEL PIT LANE is a very small extended semi-detached house of 69m², built sometime between 1950 and 1966, which could now be worth an estimated £252,314. It was last sold for £160,000 in September 2014, which was around 21% above the average September 2014 semi-detached price in the City of Derby local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

48 GRAVEL PIT LANE Sold Prices

Land registry data shows four sales for 48 GRAVEL PIT LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the City of Derby local authority area for the corresponding sale date. All of the four 48 GRAVEL PIT LANE 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
2014 8 SEP	£160,000	£132,447	21% above HPI
2008 25 JUN	£145,000	£130,286	11% above HPI
2003 10 OCT	£120,000	£95,526	26% above HPI
1996 25 NOV	£48,000	£38,182	26% above HPI

48 GRAVEL PIT LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the City of Derby local authority area over time, sourced from the HPI. The four 48 GRAVEL PIT LANE sales between November 1996 and September 2014 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 2008 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the September 2014 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 48 GRAVEL PIT LANE be worth now?

48 GRAVEL PIT LANE might now be worth an estimated £252,314.

This is based on house price inflation of 57.7%, between September 2014 and February 2025, for semi-detached houses, in the City of Derby local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 57.7% inflationary increase is applied to the most recent sale price for 48 GRAVEL PIT LANE of £160,000 on 8th September 2014. For the value to have increased from £160,000 to £252,314 over the eleven years and seven months to February 2025, the following assumptions must hold true:

• The value of 48 GRAVEL PIT LANE has moved in line with the HPI for semi-detached houses in the City of Derby local authority area.
• The September 2014 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 48 GRAVEL PIT LANE has not materially changed since September 2014.

How Large is 48 GRAVEL PIT LANE?

48 GRAVEL PIT LANE is 69m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the smallest 20% of semi-detached houses houses in Derby, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Derby, and where 48 GRAVEL PIT LANE lies on this distribution: 10% of semi-detached houses houses are smaller than 48 GRAVEL PIT LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Derby.

48 GRAVEL PIT LANE: Plot and Title Map

48 GRAVEL PIT LANE sits on a plot of roughly 0.081 of an acre, or 328m². The below map shows the location of 48 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 48 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 48 GRAVEL PIT LANE?

48 GRAVEL PIT LANE is located in SPONDON, in the DE21 postcode district. The below map shows the position of No. 48 on GRAVEL PIT LANE.