5, MONARCH DRIVE, OAKWOOD, DERBY, DE21 2XW - £340,000

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 MONARCH DRIVE is a very large detached house of 148m², built sometime between 1991 and 1995. It was last sold for £340,000 in August 2023, which was around 10% above the average August 2023 detached price in the City of Derby local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was B.

5 MONARCH DRIVE Sold Prices

Land registry data shows three sales for 5 MONARCH DRIVE 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 MONARCH DRIVE 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
2023 4 AUG	£340,000	£308,010	10% above HPI
2019 2 JUL	£247,000	£243,802	1% above HPI
1995 4 JAN	£103,000	£63,689	62% above HPI

5 MONARCH DRIVE 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 MONARCH DRIVE sales between January 1995 and August 2023 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 July 2019 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the August 2023 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 5 MONARCH DRIVE?

5 MONARCH DRIVE is 148m² according to the EPC inspection conducted in February 2019. 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 MONARCH DRIVE lies on this distribution: 83% of detached houses are smaller than 5 MONARCH DRIVE, and 16% of houses are larger. Note that EPC data is not available for all properties in Derby.

5 MONARCH DRIVE: Plot and Title Map

5 MONARCH DRIVE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 5 MONARCH DRIVE, 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 MONARCH DRIVE). 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 MONARCH DRIVE?

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