8, CASTLE MEWS, MELBOURNE, DERBY, DE73 8LW - £400,000

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

8 CASTLE MEWS is a small extended detached house of 108m², built sometime between 1983 and 1990. It was last sold for £400,000 in December 2020, which was around 40% above the average December 2020 detached price in the South Derbyshire local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was C.

8 CASTLE MEWS Sold Prices

Land registry data shows two sales for 8 CASTLE MEWS 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 8 CASTLE MEWS sales 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
2020 11 DEC	£400,000	£286,353	40% above HPI
2009 18 SEP	£294,995	£191,314	54% above HPI

8 CASTLE MEWS 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 8 CASTLE MEWS sales from September 2009 and December 2020 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 September 2009 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the December 2020 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is 8 CASTLE MEWS?

8 CASTLE MEWS is 108m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the smallest 40% of detached houses in Melbourne, based on EPC data. The below chart shows the distribution of detached houses by size in Melbourne, and where 8 CASTLE MEWS lies on this distribution: 35% of detached houses are smaller than 8 CASTLE MEWS, and 65% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

8 CASTLE MEWS: Plot and Title Map

8 CASTLE MEWS sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 8 CASTLE MEWS, 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 8 CASTLE MEWS). 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 8 CASTLE MEWS?

8 CASTLE MEWS is located in MELBOURNE, in the DE73 postcode district. The below map shows the position of No. 8 on CASTLE MEWS.