5, WEST BANK CLOSE, DERBY, DE22 1AR - £385,000

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 WEST BANK CLOSE is a midsized detached house of 115m², built sometime between 1983 and 1990. It was last sold for £385,000 in March 2024, which was around 26% above the average March 2024 detached price in the City of Derby local authority area. The most recent EPC inspection was June 2023, where the current energy rating was C, and the potential energy rating was B.

5 WEST BANK CLOSE Sold Prices

Land registry data shows two sales for 5 WEST BANK 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 WEST BANK CLOSE 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
2024 22 MAR	£385,000	£305,449	26% above HPI
2000 10 MAY	£125,000	£79,422	57% above HPI

5 WEST BANK 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 WEST BANK CLOSE sales from May 2000 and March 2024 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 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the March 2024 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is 5 WEST BANK CLOSE?

5 WEST BANK CLOSE is 115m² according to the EPC inspection conducted in June 2023. This puts it in the largest 50% 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 WEST BANK CLOSE lies on this distribution: 58% of detached houses are smaller than 5 WEST BANK CLOSE, and 41% of houses are larger. Note that EPC data is not available for all properties in Derby.

5 WEST BANK CLOSE: Plot and Title Map

5 WEST BANK CLOSE sits on a plot of roughly 0.154 of an acre, or 625m². The below map shows the location of 5 WEST BANK 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 WEST BANK 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 WEST BANK CLOSE?

5 WEST BANK CLOSE is located in DERBY, in the DE22 postcode district. The below map shows the position of No. 5 on WEST BANK CLOSE.