1, MARFLEET CLOSE, MICKLEOVER, DERBY, DE3 0PQ - £174,000

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.

1 MARFLEET CLOSE is a very small semi-detached house of 75m², built sometime between 1967 and 1975, which could now be worth an estimated £265,816. It was last sold for £174,000 in December 2015, which was around 27% above the average December 2015 semi-detached price in the City of Derby local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was B.

1 MARFLEET CLOSE Sold Prices

Land registry data shows three sales for 1 MARFLEET 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. All of the three 1 MARFLEET CLOSE 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 18 DEC	£174,000	£136,720	27% above HPI
2011 21 OCT	£155,000	£118,487	31% above HPI
2006 1 SEP	£140,000	£126,072	11% above HPI

1 MARFLEET 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 1 MARFLEET CLOSE sales between September 2006 and December 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 October 2011 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the December 2015 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 1 MARFLEET CLOSE be worth now?

1 MARFLEET CLOSE might now be worth an estimated £265,816.

This is based on house price inflation of 52.8%, between December 2015 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 52.8% inflationary increase is applied to the most recent sale price for 1 MARFLEET CLOSE of £174,000 on 18th December 2015. For the value to have increased from £174,000 to £265,816 over the ten years and ten months to February 2025, the following assumptions must hold true:

• The value of 1 MARFLEET CLOSE has moved in line with the HPI for semi-detached houses in the City of Derby local authority area.
• The December 2015 sale price of £174,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MARFLEET CLOSE has not materially changed since December 2015.

How Large is 1 MARFLEET CLOSE?

1 MARFLEET CLOSE is 75m² according to the EPC inspection conducted in January 2016. This puts it in the smallest 20% 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 1 MARFLEET CLOSE lies on this distribution: 15% of semi-detached houses houses are smaller than 1 MARFLEET CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Derby.

1 MARFLEET CLOSE: Plot and Title Map

1 MARFLEET CLOSE sits on a plot of roughly 0.053 of an acre, or 213m². The below map shows the location of 1 MARFLEET 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 1 MARFLEET 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 1 MARFLEET CLOSE?

1 MARFLEET CLOSE is located in MICKLEOVER, in the DE3 postcode district. The below map shows the position of No. 1 on MARFLEET CLOSE.