RYE CLOSE, CHESTERFIELD ROAD, TWO DALES, MATLOCK, DE4 2EZ - £240,000

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.

RYE CLOSE is a very small detached house of 60m², built sometime between 1976 and 1982, which could now be worth an estimated £318,439. It was last sold for £240,000 in November 2019, which was around 34% below the average November 2019 detached price in the Derbyshire Dales local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was B.

RYE CLOSE Sold Prices

Land registry data shows three sales for RYE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Derbyshire Dales local authority area for the corresponding sale date. All of the three RYE CLOSE sales 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
2019 12 NOV	£240,000	£361,217	34% below HPI
2014 2 APR	£180,000	£296,629	39% below HPI
1998 13 FEB	£62,000	£98,698	37% below HPI

RYE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Derbyshire Dales local authority area over time, sourced from the HPI. The three RYE CLOSE sales between February 1998 and November 2019 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 2014 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the November 2019 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might RYE CLOSE be worth now?

RYE CLOSE might now be worth an estimated £318,439.

This is based on house price inflation of 32.7%, between November 2019 and February 2025, for detached houses, in the Derbyshire Dales local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.7% inflationary increase is applied to the most recent sale price for RYE CLOSE of £240,000 on 12th November 2019. For the value to have increased from £240,000 to £318,439 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of RYE CLOSE has moved in line with the HPI for detached houses in the Derbyshire Dales local authority area.
• The November 2019 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of RYE CLOSE has not materially changed since November 2019.

How Large is RYE CLOSE?

RYE CLOSE is 60m² according to the EPC inspection conducted in July 2018. This puts it in the smallest 10% of detached houses houses in Darley Dale, based on EPC data. The below chart shows the distribution of detached houses houses by size in Darley Dale, and where RYE CLOSE lies on this distribution: 3% of detached houses houses are smaller than RYE CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Darley Dale.

RYE CLOSE: Plot and Title Map

RYE CLOSE sits on a plot of roughly 0.057 of an acre, or 229m². The below map shows the location of RYE 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 RYE 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 RYE CLOSE?

RYE CLOSE is located on CHESTERFIELD ROAD in TWO DALES, in the DE4 postcode district. The below map shows the position of RYE CLOSE on CHESTERFIELD ROAD.