7, ELKSTONE CLOSE, OAKWOOD, DERBY, DE21 2EP - £278,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 ELKSTONE CLOSE is a very large extended detached house of 140m², built sometime between 1983 and 1990, which could now be worth an estimated £486,413. It was last sold for £278,000 in June 2011, which was around 53% above the average June 2011 detached price in the City of Derby local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

7 ELKSTONE CLOSE Sold Prices

Land registry data shows three sales for 7 ELKSTONE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the City of Derby local authority area for the corresponding sale date. All of the three 7 ELKSTONE 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
2011 1 JUN	£278,000	£181,580	53% above HPI
2005 30 SEP	£270,000	£188,796	43% above HPI
1998 30 APR	£90,000	£67,532	33% above HPI

7 ELKSTONE 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 three 7 ELKSTONE CLOSE sales between April 1998 and June 2011 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 2005 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the June 2011 sale, where it rises to 53% above the HPI. The line then continues to track at 53% above the HPI.

What might 7 ELKSTONE CLOSE be worth now?

7 ELKSTONE CLOSE might now be worth an estimated £486,413.

This is based on house price inflation of 75%, between June 2011 and February 2025, 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 75% inflationary increase is applied to the most recent sale price for 7 ELKSTONE CLOSE of £278,000 on 1st June 2011. For the value to have increased from £278,000 to £486,413 over the fourteen years and four months to February 2025, the following assumptions must hold true:

• The value of 7 ELKSTONE CLOSE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The June 2011 sale price of £278,000 represented a fair market value for the property.
• The size, condition, and specification of 7 ELKSTONE CLOSE has not materially changed since June 2011.

How Large is 7 ELKSTONE CLOSE?

7 ELKSTONE CLOSE is 140m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the largest 20% 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 7 ELKSTONE CLOSE lies on this distribution: 80% of detached houses houses are smaller than 7 ELKSTONE CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Derby.

7 ELKSTONE CLOSE: Plot and Title Map

7 ELKSTONE CLOSE sits on a plot of roughly 0.106 of an acre, or 429m². The below map shows the location of 7 ELKSTONE 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 7 ELKSTONE 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 7 ELKSTONE CLOSE?

7 ELKSTONE CLOSE is located in OAKWOOD, in the DE21 postcode district. The below map shows the position of No. 7 on ELKSTONE CLOSE.