5, MELFORT CLOSE, SINFIN, DERBY, DE24 3HW - £143,500

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 MELFORT CLOSE is a very small detached house of 50m², built sometime between 1967 and 1975, which could now be worth an estimated £225,107. It was last sold for £143,500 in March 2015, which was around 29% below the average March 2015 detached price in the City of Derby local authority area. The most recent EPC inspection was December 2013, where the current energy rating was D, and the potential energy rating was B.

5 MELFORT CLOSE Sold Prices

Land registry data shows two sales for 5 MELFORT CLOSE 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 MELFORT 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
2015 12 MAR	£143,500	£202,531	29% below HPI
2014 31 MAR	£116,500	£194,483	40% below HPI

5 MELFORT 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 two 5 MELFORT CLOSE sales from March 2014 and March 2015 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 March 2014 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the March 2015 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 5 MELFORT CLOSE be worth now?

5 MELFORT CLOSE might now be worth an estimated £225,107.

This is based on house price inflation of 56.9%, between March 2015 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 56.9% inflationary increase is applied to the most recent sale price for 5 MELFORT CLOSE of £143,500 on 12th March 2015. For the value to have increased from £143,500 to £225,107 over the ten years and one month to February 2025, the following assumptions must hold true:

• The value of 5 MELFORT CLOSE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The March 2015 sale price of £143,500 represented a fair market value for the property.
• The size, condition, and specification of 5 MELFORT CLOSE has not materially changed since March 2015.

How Large is 5 MELFORT CLOSE?

5 MELFORT CLOSE is 50m² according to the EPC inspection conducted in December 2013. 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 MELFORT CLOSE lies on this distribution: 1% of detached houses houses are smaller than 5 MELFORT CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Derby.

5 MELFORT CLOSE: Plot and Title Map

5 MELFORT CLOSE sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 5 MELFORT 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 MELFORT 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 MELFORT CLOSE?

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