5, BINSCOMBE LANE, OAKWOOD, DERBY, DE21 2AZ - £425,000

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

5 BINSCOMBE LANE is a very large detached house of 162m², built sometime between 1967 and 1975. It was last sold for £425,000 in February 2024, which was around 41% above the average February 2024 detached price in the City of Derby local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

5 BINSCOMBE LANE Sold Prices

Land registry data shows three sales for 5 BINSCOMBE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the City of Derby local authority area for the corresponding sale date. All of the three 5 BINSCOMBE 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
2024 9 FEB	£425,000	£301,745	41% above HPI
2016 10 JUN	£350,000	£221,158	58% above HPI
2004 13 AUG	£270,000	£179,899	50% above HPI

5 BINSCOMBE 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 three 5 BINSCOMBE LANE sales between August 2004 and February 2024 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 2016 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the February 2024 sale, where it falls to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is 5 BINSCOMBE LANE?

5 BINSCOMBE LANE is 162m² according to the EPC inspection conducted in August 2023. This puts it in the largest 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 5 BINSCOMBE LANE lies on this distribution: 88% of detached houses are smaller than 5 BINSCOMBE LANE, and 12% of houses are larger. Note that EPC data is not available for all properties in Derby.

5 BINSCOMBE LANE: Plot and Title Map

5 BINSCOMBE LANE sits on a plot of roughly 0.120 of an acre, or 485m². The below map shows the location of 5 BINSCOMBE 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 5 BINSCOMBE 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 5 BINSCOMBE LANE?

5 BINSCOMBE LANE is located in OAKWOOD, in the DE21 postcode district. The below map shows the position of No. 5 on BINSCOMBE LANE.