7, RYAL CLOSE, OCKBROOK, DERBY, DE72 3TG - £290,000

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 RYAL CLOSE is a very small extended detached house of 77m², built sometime between 1967 and 1975. It was last sold for £290,000 in March 2024, which was around 5% below the average March 2024 detached price in the Erewash local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was B.

7 RYAL CLOSE Sold Prices

Land registry data shows three sales for 7 RYAL 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 Erewash local authority area for the corresponding sale date. One of the three 7 RYAL CLOSE sales was for below the average price, whilst two 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
2024 18 MAR	£290,000	£305,522	5% below HPI
2011 29 JUL	£193,000	£163,604	18% above HPI
2004 22 NOV	£188,000	£171,513	10% above HPI

7 RYAL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Erewash local authority area over time, sourced from the HPI. The three 7 RYAL CLOSE sales between November 2004 and March 2024 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 July 2011 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the March 2024 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 7 RYAL CLOSE?

7 RYAL CLOSE is 77m², which includes one extension, according to the EPC inspection conducted in November 2021. This puts it in the smallest 20% of detached houses in Ockbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Ockbrook, and where 7 RYAL CLOSE lies on this distribution: 15% of detached houses are smaller than 7 RYAL CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Ockbrook.

7 RYAL CLOSE: Plot and Title Map

7 RYAL CLOSE sits on a plot of roughly 0.082 of an acre, or 331m². The below map shows the location of 7 RYAL 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 RYAL 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 RYAL CLOSE?

7 RYAL CLOSE is located in OCKBROOK, in the DE72 postcode district. The below map shows the position of No. 7 on RYAL CLOSE.