5, THE CLOSE, DERBY, DE23 6PA - £315,000

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 THE CLOSE is a small detached house of 89m², built sometime between 1976 and 1982. It was last sold for £315,000 in June 2019, which was around 29% above the average June 2019 detached price in the City of Derby local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was B.

5 THE CLOSE Sold Prices

Land registry data shows two sales for 5 THE 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. One of the two 5 THE CLOSE sales was for above the average price, whilst the other was 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 6 JUN	£315,000	£244,207	29% above HPI
2017 25 SEP	£225,000	£230,198	2% below HPI

5 THE 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 THE CLOSE sales from September 2017 and June 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 September 2017 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the June 2019 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 5 THE CLOSE be worth now?

5 THE CLOSE might now be worth an estimated £416,212.

This is based on house price inflation of 32.1%, between June 2019 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 32.1% inflationary increase is applied to the most recent sale price for 5 THE CLOSE of £315,000 on 6th June 2019. For the value to have increased from £315,000 to £416,212 over the four years and six months to December 2024, the following assumptions must hold true:

• The value of 5 THE CLOSE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The June 2019 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 5 THE CLOSE has not materially changed since June 2019.

How Large is 5 THE CLOSE?

5 THE CLOSE is 89m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 40% 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 THE CLOSE lies on this distribution: 30% of detached houses houses are smaller than 5 THE CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Derby.

5 THE CLOSE: Plot and Title Map

5 THE CLOSE sits on a plot of roughly 0.133 of an acre, or 538m². The below map shows the location of 5 THE 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 THE 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 THE CLOSE?

5 THE CLOSE is located in DERBY, in the DE23 postcode district. The below map shows the position of No. 5 on THE CLOSE.