8, SOMERSET CLOSE, DERBY, DE22 3XP - £172,463

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 SOMERSET CLOSE is a small semi-detached house of 84m², which could now be worth an estimated £220,713. It was last sold for £172,463 in August 2020, which was around 6% above the average August 2020 semi-detached price in the City of Derby local authority area. The most recent EPC inspection was June 2016, where the current energy rating was B, and the potential energy rating was B.

8 SOMERSET CLOSE Sold Prices

Land registry data shows three sales for 8 SOMERSET CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the City of Derby local authority area for the corresponding sale date. One of the three 8 SOMERSET CLOSE sales was for above the average price, whilst two 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
2020 5 AUG	£172,463	£163,204	6% above HPI
2016 24 NOV	£97,500	£142,583	32% below HPI
2016 28 JUL	£139,924	£143,615	3% below HPI

8 SOMERSET CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the City of Derby local authority area over time, sourced from the HPI. The three 8 SOMERSET CLOSE sales between July 2016 and August 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 November 2016 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the August 2020 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 8 SOMERSET CLOSE be worth now?

8 SOMERSET CLOSE might now be worth an estimated £220,713.

This is based on house price inflation of 28%, between August 2020 and February 2025, for semi-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 28% inflationary increase is applied to the most recent sale price for 8 SOMERSET CLOSE of £172,463 on 5th August 2020. For the value to have increased from £172,463 to £220,713 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 8 SOMERSET CLOSE has moved in line with the HPI for semi-detached houses in the City of Derby local authority area.
• The August 2020 sale price of £172,463 represented a fair market value for the property.
• The size, condition, and specification of 8 SOMERSET CLOSE has not materially changed since August 2020.

How Large is 8 SOMERSET CLOSE?

8 SOMERSET CLOSE is 84m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 30% of semi-detached houses houses in Derby, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Derby, and where 8 SOMERSET CLOSE lies on this distribution: 24% of semi-detached houses houses are smaller than 8 SOMERSET CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Derby.

8 SOMERSET CLOSE: Plot and Title Map

8 SOMERSET CLOSE sits on a plot of roughly 0.040 of an acre, or 162m². The below map shows the location of 8 SOMERSET 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 SOMERSET 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 SOMERSET CLOSE?

8 SOMERSET CLOSE is located in DERBY, in the DE22 postcode district. The below map shows the position of No. 8 on SOMERSET CLOSE.