6, MAGELLAN WAY, DERBY, DE24 1AD - £308,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

6 MAGELLAN WAY is a midsized extended detached house of 102m², built sometime between 1991 and 1995. It was last sold for £308,000 in April 2023, which was about the average April 2023 detached price in the City of Derby local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

6 MAGELLAN WAY Sold Prices

Land registry data shows two sales for 6 MAGELLAN WAY 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 6 MAGELLAN WAY sales was roughly equal to the average price, whilst the other was 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 6 APR	£308,000	£307,763	Close to HPI
2007 14 DEC	£244,995	£207,905	18% above HPI

6 MAGELLAN WAY 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 6 MAGELLAN WAY sales from December 2007 and April 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 December 2007 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the April 2023 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 6 MAGELLAN WAY?

6 MAGELLAN WAY is 102m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the smallest 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 6 MAGELLAN WAY lies on this distribution: 44% of detached houses are smaller than 6 MAGELLAN WAY, and 55% of houses are larger. Note that EPC data is not available for all properties in Derby.

6 MAGELLAN WAY: Plot and Title Map

6 MAGELLAN WAY sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 6 MAGELLAN 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 6 MAGELLAN 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 6 MAGELLAN WAY?

6 MAGELLAN WAY is located in DERBY, in the DE24 postcode district. The below map shows the position of No. 6 on MAGELLAN WAY.