8, HORNBEAM CLOSE, OAKWOOD, DERBY, DE21 2DJ - £195,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 HORNBEAM CLOSE is a small extended detached house of 91m², built sometime between 1976 and 1982, which could now be worth an estimated £260,523. It was last sold for £195,000 in July 2018, which was around 19% below the average July 2018 detached price in the City of Derby local authority area. The most recent EPC inspection was March 2018, where the current energy rating was E, and the potential energy rating was B.

8 HORNBEAM CLOSE Sold Prices

Land registry data shows two sales for 8 HORNBEAM 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 City of Derby local authority area for the corresponding sale date. One of the two 8 HORNBEAM CLOSE sales was for below the average price, whilst the other was 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
2018 27 JUL	£195,000	£241,050	19% below HPI
2000 25 FEB	£82,500	£78,251	5% above HPI

8 HORNBEAM CLOSE 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 two 8 HORNBEAM CLOSE sales from February 2000 and July 2018 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 February 2000 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the July 2018 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 8 HORNBEAM CLOSE be worth now?

8 HORNBEAM CLOSE might now be worth an estimated £260,523.

This is based on house price inflation of 33.6%, between July 2018 and July 2025, for detached houses, in the City of Derby local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 33.6% inflationary increase is applied to the most recent sale price for 8 HORNBEAM CLOSE of £195,000 on 27th July 2018. For the value to have increased from £195,000 to £260,523 over the seven years to July 2025, the following assumptions must hold true:

• The value of 8 HORNBEAM CLOSE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The July 2018 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 8 HORNBEAM CLOSE has not materially changed since July 2018.

How Large is 8 HORNBEAM CLOSE?

8 HORNBEAM CLOSE is 91m², which includes two extensions, according to the EPC inspection conducted in March 2018. This puts it in the smallest 40% of detached houses houses in Derby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Derby, and where 8 HORNBEAM CLOSE lies on this distribution: 33% of detached houses houses are smaller than 8 HORNBEAM CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Derby.

8 HORNBEAM CLOSE: Plot and Title Map

8 HORNBEAM CLOSE sits on a plot of roughly 0.057 of an acre, or 231m². The below map shows the location of 8 HORNBEAM 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 8 HORNBEAM 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 8 HORNBEAM CLOSE?

8 HORNBEAM CLOSE is located in OAKWOOD, in the DE21 postcode district. The below map shows the position of No. 8 on HORNBEAM CLOSE.