5, LANCASTER WALK, SPONDON, DERBY, DE21 7LS - £217,000

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.

5 LANCASTER WALK is a very small detached house of 55m², built sometime between 1967 and 1975, which could now be worth an estimated £229,455. It was last sold for £217,000 in August 2022, which was around 28% below the average August 2022 detached price in the City of Derby local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was B.

5 LANCASTER WALK Sold Prices

Land registry data shows two sales for 5 LANCASTER WALK 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 5 LANCASTER WALK 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
2022 19 AUG	£217,000	£300,463	28% below HPI
1996 29 FEB	£40,500	£63,564	36% below HPI

5 LANCASTER WALK 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 5 LANCASTER WALK sales from February 1996 and August 2022 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 February 1996 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the August 2022 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 5 LANCASTER WALK be worth now?

5 LANCASTER WALK might now be worth an estimated £229,455.

This is based on house price inflation of 5.7%, between August 2022 and February 2025, 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 5.7% inflationary increase is applied to the most recent sale price for 5 LANCASTER WALK of £217,000 on 19th August 2022. For the value to have increased from £217,000 to £229,455 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 5 LANCASTER WALK has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The August 2022 sale price of £217,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LANCASTER WALK has not materially changed since August 2022.

How Large is 5 LANCASTER WALK?

5 LANCASTER WALK is 55m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 10% 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 LANCASTER WALK lies on this distribution: 2% of detached houses houses are smaller than 5 LANCASTER WALK, and 97% of houses are larger. Note that EPC data is not available for all properties in Derby.

5 LANCASTER WALK: Plot and Title Map

5 LANCASTER WALK sits on a plot of roughly 0.058 of an acre, or 233m². The below map shows the location of 5 LANCASTER WALK, 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 LANCASTER WALK). 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 LANCASTER WALK?

5 LANCASTER WALK is located in SPONDON, in the DE21 postcode district. The below map shows the position of No. 5 on LANCASTER WALK.