78, MEREVALE WAY, STENSON FIELDS, DERBY, DE24 3EG - £235,000

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

78 MEREVALE WAY is a midsized extended detached house of 105m², built sometime from 2007 onwards. It was last sold for £235,000 in September 2019, which was around 15% below the average September 2019 detached price in the South Derbyshire local authority area. The most recent EPC inspection was April 2019, where the current energy rating was C, and the potential energy rating was B.

78 MEREVALE WAY Sold Prices

Land registry data shows two sales for 78 MEREVALE WAY 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 78 MEREVALE WAY 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
2019 13 SEP	£235,000	£275,530	15% below HPI
2015 22 MAY	£196,000	£224,900	13% below HPI

78 MEREVALE WAY 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 78 MEREVALE WAY sales from May 2015 and September 2019 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 May 2015 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the September 2019 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 78 MEREVALE WAY?

78 MEREVALE WAY is 105m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the smallest 50% of detached houses in Derby, based on EPC data. The below chart shows the distribution of detached houses by size in Derby, and where 78 MEREVALE WAY lies on this distribution: 47% of detached houses are smaller than 78 MEREVALE WAY, and 52% of houses are larger. Note that EPC data is not available for all properties in Derby.

78 MEREVALE WAY: Plot and Title Map

78 MEREVALE WAY sits on a plot of roughly 0.055 of an acre, or 223m². The below map shows the location of 78 MEREVALE WAY, 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 78 MEREVALE WAY). 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 78 MEREVALE WAY?

78 MEREVALE WAY is located in STENSON FIELDS, in the DE24 postcode district. The below map shows the position of No. 78 on MEREVALE WAY.