81, COMMERCE STREET, MELBOURNE, DERBY, DE73 8FT - £295,000

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.

81 COMMERCE STREET is a midsized semi-detached house of 125m², built sometime from 2007 onwards, which could now be worth an estimated £387,908. It was last sold for £295,000 in July 2020, which was around 66% above the average July 2020 semi-detached price in the South Derbyshire local authority area. The most recent EPC inspection was October 2019, where the current energy rating was C, and the potential energy rating was B.

81 COMMERCE STREET Sold Prices

Land registry data shows four sales for 81 COMMERCE STREET since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the South Derbyshire local authority area for the corresponding sale date. All of the four 81 COMMERCE STREET 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 10 JUL	£295,000	£178,151	66% above HPI
2016 14 APR	£249,950	£158,950	57% above HPI
2010 7 APR	£249,950	£132,470	89% above HPI
2007 9 MAR	£300,000	£150,047	100% above HPI

81 COMMERCE STREET Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Derbyshire local authority area over time, sourced from the HPI. The four 81 COMMERCE STREET sales between March 2007 and July 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 April 2016 sale was for 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the July 2020 sale, where it rises to 66% above the HPI. The line then continues to track at 66% above the HPI.

What might 81 COMMERCE STREET be worth now?

81 COMMERCE STREET might now be worth an estimated £387,908.

This is based on house price inflation of 31.5%, between July 2020 and March 2025, for semi-detached houses, in the South Derbyshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.5% inflationary increase is applied to the most recent sale price for 81 COMMERCE STREET of £295,000 on 10th July 2020. For the value to have increased from £295,000 to £387,908 over the five years and four months to March 2025, the following assumptions must hold true:

• The value of 81 COMMERCE STREET has moved in line with the HPI for semi-detached houses in the South Derbyshire local authority area.
• The July 2020 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 81 COMMERCE STREET has not materially changed since July 2020.

How Large is 81 COMMERCE STREET?

81 COMMERCE STREET is 125m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 50% of semi-detached houses houses in Melbourne, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Melbourne, and where 81 COMMERCE STREET lies on this distribution: 49% of semi-detached houses houses are smaller than 81 COMMERCE STREET, and 51% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

81 COMMERCE STREET: Plot and Title Map

81 COMMERCE STREET sits on a plot of roughly 0.028 of an acre, or 113m². The below map shows the location of 81 COMMERCE STREET, 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 81 COMMERCE STREET). 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 81 COMMERCE STREET?

81 COMMERCE STREET is located in MELBOURNE, in the DE73 postcode district. The below map shows the position of No. 81 on COMMERCE STREET.