7, GRAVEL PIT LANE, SPONDON, DERBY, DE21 7DA - £159,950

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 GRAVEL PIT LANE is a midsized extended semi-detached house of 115m², which could now be worth an estimated £291,110. It was last sold for £159,950 in March 2010, which was around 39% above the average March 2010 semi-detached price in the City of Derby local authority area. The most recent EPC inspection was October 2009, where the current energy rating was D, and the potential energy rating was C.

7 GRAVEL PIT LANE Sold Prices

Land registry data shows two sales for 7 GRAVEL PIT LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the City of Derby local authority area for the corresponding sale date. Both of the two 7 GRAVEL PIT LANE 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
2010 31 MAR	£159,950	£114,760	39% above HPI
1997 28 FEB	£39,500	£38,053	4% above HPI

7 GRAVEL PIT LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the City of Derby local authority area over time, sourced from the HPI. The two 7 GRAVEL PIT LANE sales from February 1997 and March 2010 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 February 1997 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the March 2010 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 7 GRAVEL PIT LANE be worth now?

7 GRAVEL PIT LANE might now be worth an estimated £291,110.

This is based on house price inflation of 82%, between March 2010 and February 2025, for semi-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 82% inflationary increase is applied to the most recent sale price for 7 GRAVEL PIT LANE of £159,950 on 31st March 2010. For the value to have increased from £159,950 to £291,110 over the fifteen years and one month to February 2025, the following assumptions must hold true:

• The value of 7 GRAVEL PIT LANE has moved in line with the HPI for semi-detached houses in the City of Derby local authority area.
• The March 2010 sale price of £159,950 represented a fair market value for the property.
• The size, condition, and specification of 7 GRAVEL PIT LANE has not materially changed since March 2010.

How Large is 7 GRAVEL PIT LANE?

7 GRAVEL PIT LANE is 115m², which includes one extension, according to the EPC inspection conducted in October 2009. This puts it in the largest 50% of semi-detached houses houses in Derby, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Derby, and where 7 GRAVEL PIT LANE lies on this distribution: 58% of semi-detached houses houses are smaller than 7 GRAVEL PIT LANE, and 42% of houses are larger. Note that EPC data is not available for all properties in Derby.

7 GRAVEL PIT LANE: Plot and Title Map

7 GRAVEL PIT LANE sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of 7 GRAVEL PIT LANE, 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 GRAVEL PIT LANE). 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 GRAVEL PIT LANE?

7 GRAVEL PIT LANE is located in SPONDON, in the DE21 postcode district. The below map shows the position of No. 7 on GRAVEL PIT LANE.