5, GAINSBOROUGH CLOSE, OAKWOOD, DERBY, DE21 2HJ - £185,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 GAINSBOROUGH CLOSE is a very small detached house of 71m², built sometime between 1976 and 1982, which could now be worth an estimated £275,746. It was last sold for £185,000 in February 2016, which was around 15% below the average February 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 B.

5 GAINSBOROUGH CLOSE Sold Prices

Land registry data shows three sales for 5 GAINSBOROUGH CLOSE 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 GAINSBOROUGH CLOSE 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
2016 24 FEB	£185,000	£216,484	15% below HPI
2001 24 AUG	£92,000	£94,235	2% below HPI
1997 27 JUN	£59,950	£64,517	7% below HPI

5 GAINSBOROUGH CLOSE 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 GAINSBOROUGH CLOSE sales between June 1997 and February 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 August 2001 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the February 2016 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 5 GAINSBOROUGH CLOSE be worth now?

5 GAINSBOROUGH CLOSE might now be worth an estimated £275,746.

This is based on house price inflation of 49.1%, between February 2016 and December 2024, for 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 49.1% inflationary increase is applied to the most recent sale price for 5 GAINSBOROUGH CLOSE of £185,000 on 24th February 2016. For the value to have increased from £185,000 to £275,746 over the seven years and two months to December 2024, the following assumptions must hold true:

• The value of 5 GAINSBOROUGH CLOSE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The February 2016 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GAINSBOROUGH CLOSE has not materially changed since February 2016.

How Large is 5 GAINSBOROUGH CLOSE?

5 GAINSBOROUGH CLOSE is 71m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 20% of detached houses houses in Derby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Derby, and where 5 GAINSBOROUGH CLOSE lies on this distribution: 12% of detached houses houses are smaller than 5 GAINSBOROUGH CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Derby.

5 GAINSBOROUGH CLOSE: Plot and Title Map

5 GAINSBOROUGH CLOSE sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 5 GAINSBOROUGH CLOSE, 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 GAINSBOROUGH CLOSE). 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 GAINSBOROUGH CLOSE?

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