54, SPINNEY HILL, MELBOURNE, DERBY, DE73 8LX - £550,000

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

54 SPINNEY HILL is a very large detached house of 205m², built sometime between 1991 and 1995. It was last sold for £550,000 in June 2021, which was around 89% above the average June 2021 detached price in the South Derbyshire 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.

54 SPINNEY HILL Sold Prices

Land registry data shows two sales for 54 SPINNEY HILL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Derbyshire local authority area for the corresponding sale date. Both of the two 54 SPINNEY HILL 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
2021 16 JUN	£550,000	£291,633	89% above HPI
1998 22 JAN	£179,500	£74,892	140% above HPI

54 SPINNEY HILL 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 two 54 SPINNEY HILL sales from January 1998 and June 2021 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 January 1998 sale was for 140% above the HPI. So the extrapolation line tracks at 140% above the HPI over time, until the June 2021 sale, where it falls to 89% above the HPI. The line then continues to track at 89% above the HPI.

How Large is 54 SPINNEY HILL?

54 SPINNEY HILL is 205m² according to the EPC inspection conducted in February 2019. This puts it in the largest 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 54 SPINNEY HILL lies on this distribution: 87% of detached houses are smaller than 54 SPINNEY HILL, and 13% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

54 SPINNEY HILL: Plot and Title Map

54 SPINNEY HILL sits on a plot of roughly 0.123 of an acre, or 497m². The below map shows the location of 54 SPINNEY HILL, 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 54 SPINNEY HILL). 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 54 SPINNEY HILL?

54 SPINNEY HILL is located in MELBOURNE, in the DE73 postcode district. The below map shows the position of No. 54 on SPINNEY HILL.