50, SWEET LEYS WAY, MELBOURNE, DERBY, DE73 8LE - £360,000

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

50 SWEET LEYS WAY is a very small detached house of 87m², built sometime from 2012 onwards. It was last sold for £360,000 in October 2023, which was around 8% above the average October 2023 detached price in the South Derbyshire local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was B.

50 SWEET LEYS WAY Sold Prices

Land registry data shows three sales for 50 SWEET LEYS WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Derbyshire local authority area for the corresponding sale date. All of the three 50 SWEET LEYS WAY 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 30 OCT	£360,000	£332,953	8% above HPI
2021 4 JUN	£330,000	£291,633	13% above HPI
2013 28 JUN	£225,000	£204,312	10% above HPI

50 SWEET LEYS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Derbyshire local authority area over time, sourced from the HPI. The three 50 SWEET LEYS WAY sales between June 2013 and October 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 June 2021 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the October 2023 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 50 SWEET LEYS WAY?

50 SWEET LEYS WAY is 87m² according to the EPC inspection conducted in February 2023. This puts it in the smallest 20% of detached houses in Melbourne, based on EPC data. The below chart shows the distribution of detached houses by size in Melbourne, and where 50 SWEET LEYS WAY lies on this distribution: 16% of detached houses are smaller than 50 SWEET LEYS WAY, and 84% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

50 SWEET LEYS WAY: Plot and Title Map

50 SWEET LEYS WAY sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 50 SWEET LEYS WAY, 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 50 SWEET LEYS WAY). 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 50 SWEET LEYS WAY?

50 SWEET LEYS WAY is located in MELBOURNE, in the DE73 postcode district. The below map shows the position of No. 50 on SWEET LEYS WAY.