7, WASHINGTON CLOSE, MELBOURNE, DERBY, DE73 8EX - £295,000

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 WASHINGTON CLOSE is a very small detached house of 46m², built sometime between 1976 and 1982. It was last sold for £295,000 in January 2024, which was around 11% below the average January 2024 detached price in the South Derbyshire local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

7 WASHINGTON CLOSE Sold Prices

Land registry data shows two sales for 7 WASHINGTON 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 South Derbyshire local authority area for the corresponding sale date. Both of the two 7 WASHINGTON CLOSE 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
2024 26 JAN	£295,000	£333,061	11% below HPI
2012 8 OCT	£190,000	£201,890	6% below HPI

7 WASHINGTON CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Derbyshire local authority area over time, sourced from the HPI. The two 7 WASHINGTON CLOSE sales from October 2012 and January 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 October 2012 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the January 2024 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 7 WASHINGTON CLOSE?

7 WASHINGTON CLOSE is 46m² according to the EPC inspection conducted in August 2023. This puts it in the smallest 10% of detached houses in Melbourne, based on EPC data. The below chart shows the distribution of detached houses by size in Melbourne, and where 7 WASHINGTON CLOSE lies on this distribution: Less than 1% of detached houses are smaller than 7 WASHINGTON CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

7 WASHINGTON CLOSE: Plot and Title Map

7 WASHINGTON CLOSE sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of 7 WASHINGTON 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 WASHINGTON 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 WASHINGTON CLOSE?

7 WASHINGTON CLOSE is located in MELBOURNE, in the DE73 postcode district. The below map shows the position of No. 7 on WASHINGTON CLOSE.