7, OAK DRIVE, MICKLEOVER, DERBY, DE3 9JB - £259,500

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

7 OAK DRIVE is a very small detached house of 52m², built sometime between 1950 and 1966. It was last sold for £259,500 in November 2022, which was around 15% below the average November 2022 detached price in the City of Derby local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

7 OAK DRIVE Sold Prices

Land registry data shows four sales for 7 OAK DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the City of Derby local authority area for the corresponding sale date. All of the four 7 OAK DRIVE sales were 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
2022 2 NOV	£259,500	£306,858	15% below HPI
2008 11 JUN	£175,000	£203,454	14% below HPI
2007 28 JUN	£169,950	£205,526	17% below HPI
2000 19 SEP	£68,000	£86,006	21% below HPI

7 OAK DRIVE 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 four 7 OAK DRIVE sales between September 2000 and November 2022 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 June 2008 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the November 2022 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 7 OAK DRIVE?

7 OAK DRIVE is 52m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 10% 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 OAK DRIVE lies on this distribution: 1% of detached houses are smaller than 7 OAK DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Derby.

7 OAK DRIVE: Plot and Title Map

7 OAK DRIVE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 7 OAK DRIVE, 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 OAK DRIVE). 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 OAK DRIVE?

7 OAK DRIVE is located in MICKLEOVER, in the DE3 postcode district. The below map shows the position of No. 7 on OAK DRIVE.