5, MALIN CLOSE, ALVASTON, DERBY, DE24 0HG - £190,000

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 MALIN CLOSE is a very small detached house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £245,875. It was last sold for £190,000 in September 2019, which was around 23% below the average September 2019 detached price in the City of Derby local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

5 MALIN CLOSE Sold Prices

Land registry data shows three sales for 5 MALIN 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 MALIN 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
2019 11 SEP	£190,000	£245,509	23% below HPI
2000 26 MAY	£60,000	£79,532	25% below HPI
1997 19 SEP	£56,950	£68,655	17% below HPI

5 MALIN 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 MALIN CLOSE sales between September 1997 and September 2019 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 May 2000 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the September 2019 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 5 MALIN CLOSE be worth now?

5 MALIN CLOSE might now be worth an estimated £245,875.

This is based on house price inflation of 29.4%, between September 2019 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 29.4% inflationary increase is applied to the most recent sale price for 5 MALIN CLOSE of £190,000 on 11th September 2019. For the value to have increased from £190,000 to £245,875 over the six years and seven months to February 2025, the following assumptions must hold true:

• The value of 5 MALIN CLOSE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The September 2019 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MALIN CLOSE has not materially changed since September 2019.

How Large is 5 MALIN CLOSE?

5 MALIN CLOSE is 78m² according to the EPC inspection conducted in May 2019. 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 MALIN CLOSE lies on this distribution: 18% of detached houses houses are smaller than 5 MALIN CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Derby.

5 MALIN CLOSE: Plot and Title Map

5 MALIN CLOSE sits on a plot of roughly 0.059 of an acre, or 240m². The below map shows the location of 5 MALIN 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 MALIN 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 MALIN CLOSE?

5 MALIN CLOSE is located in ALVASTON, in the DE24 postcode district. The below map shows the position of No. 5 on MALIN CLOSE.