8, LANTERN GROVE, MICKLEOVER, DERBY, DE3 0GY - £282,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 LANTERN GROVE is a large extended detached house of 137m², built sometime between 1996 and 2002, which could now be worth an estimated £432,911. It was last sold for £282,500 in July 2015, which was around 34% above the average July 2015 detached price in the City of Derby local authority area. The most recent EPC inspection was December 2014, where the current energy rating was C, and the potential energy rating was B.

8 LANTERN GROVE Sold Prices

Land registry data shows three sales for 8 LANTERN GROVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the City of Derby local authority area for the corresponding sale date. All of the three 8 LANTERN GROVE 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
2015 8 JUL	£282,500	£210,563	34% above HPI
2006 11 SEP	£250,000	£196,368	27% above HPI
2002 28 FEB	£149,950	£100,471	49% above HPI

8 LANTERN GROVE 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 three 8 LANTERN GROVE sales between February 2002 and July 2015 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 2006 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the July 2015 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might 8 LANTERN GROVE be worth now?

8 LANTERN GROVE might now be worth an estimated £432,911.

This is based on house price inflation of 53.2%, between July 2015 and December 2024, 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 53.2% inflationary increase is applied to the most recent sale price for 8 LANTERN GROVE of £282,500 on 8th July 2015. For the value to have increased from £282,500 to £432,911 over the eight years and seven months to December 2024, the following assumptions must hold true:

• The value of 8 LANTERN GROVE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The July 2015 sale price of £282,500 represented a fair market value for the property.
• The size, condition, and specification of 8 LANTERN GROVE has not materially changed since July 2015.

How Large is 8 LANTERN GROVE?

8 LANTERN GROVE is 137m², which includes two extensions, according to the EPC inspection conducted in December 2014. This puts it in the largest 30% 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 LANTERN GROVE lies on this distribution: 79% of detached houses houses are smaller than 8 LANTERN GROVE, and 21% of houses are larger. Note that EPC data is not available for all properties in Derby.

8 LANTERN GROVE: Plot and Title Map

8 LANTERN GROVE sits on a plot of roughly 0.126 of an acre, or 508m². The below map shows the location of 8 LANTERN GROVE, 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 LANTERN GROVE). 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 LANTERN GROVE?

8 LANTERN GROVE is located in MICKLEOVER, in the DE3 postcode district. The below map shows the position of No. 8 on LANTERN GROVE.