7, MELBOURNE CLOSE, ALLESTREE, DERBY, DE22 2QS - £230,000

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

7 MELBOURNE CLOSE is a very small detached house of 70m², built sometime between 1967 and 1975. It was last sold for £230,000 in June 2017, which was about the average June 2017 detached price in the City of Derby local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

7 MELBOURNE CLOSE Sold Prices

Land registry data shows two sales for 7 MELBOURNE CLOSE 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 7 MELBOURNE CLOSE sales was roughly equal to the average price, whilst the other was for below 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
2017 9 JUN	£230,000	£230,186	Close to HPI
2008 8 FEB	£199,950	£207,436	4% below HPI

7 MELBOURNE 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 two 7 MELBOURNE CLOSE sales from February 2008 and June 2017 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 2008 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the June 2017 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 7 MELBOURNE CLOSE?

7 MELBOURNE CLOSE is 70m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 20% of detached houses in Derby, based on EPC data. The below chart shows the distribution of detached houses by size in Derby, and where 7 MELBOURNE CLOSE lies on this distribution: 11% of detached houses are smaller than 7 MELBOURNE CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Derby.

7 MELBOURNE CLOSE: Plot and Title Map

7 MELBOURNE CLOSE sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 7 MELBOURNE 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 MELBOURNE 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 MELBOURNE CLOSE?

7 MELBOURNE CLOSE is located in ALLESTREE, in the DE22 postcode district. The below map shows the position of No. 7 on MELBOURNE CLOSE.