1, QUICK CLOSE, MELBOURNE, DERBY, DE73 8GH - £275,000

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 QUICK CLOSE is a midsized extended terraced house of 114m², built sometime between 1967 and 1975, which could now be worth an estimated £349,580. It was last sold for £275,000 in October 2018, which was around 92% above the average October 2018 terraced price in the South Derbyshire local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

1 QUICK CLOSE Sold Prices

Land registry data shows two sales for 1 QUICK CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the South Derbyshire local authority area for the corresponding sale date. Both of the two 1 QUICK 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
2018 26 OCT	£275,000	£143,172	92% above HPI
2000 28 JAN	£69,500	£43,475	60% above HPI

1 QUICK CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the South Derbyshire local authority area over time, sourced from the HPI. The two 1 QUICK CLOSE sales from January 2000 and October 2018 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 January 2000 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the October 2018 sale, where it rises to 92% above the HPI. The line then continues to track at 92% above the HPI.

What might 1 QUICK CLOSE be worth now?

1 QUICK CLOSE might now be worth an estimated £349,580.

This is based on house price inflation of 27.1%, between October 2018 and June 2025, for terraced 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 27.1% inflationary increase is applied to the most recent sale price for 1 QUICK CLOSE of £275,000 on 26th October 2018. For the value to have increased from £275,000 to £349,580 over the seven years and four months to June 2025, the following assumptions must hold true:

• The value of 1 QUICK CLOSE has moved in line with the HPI for terraced houses in the South Derbyshire local authority area.
• The October 2018 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 1 QUICK CLOSE has not materially changed since October 2018.

How Large is 1 QUICK CLOSE?

1 QUICK CLOSE is 114m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the smallest 50% of terraced houses houses in Melbourne, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Melbourne, and where 1 QUICK CLOSE lies on this distribution: 41% of terraced houses houses are smaller than 1 QUICK CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

1 QUICK CLOSE: Plot and Title Map

1 QUICK CLOSE sits on a plot of roughly 0.054 of an acre, or 218m². The below map shows the location of 1 QUICK 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 QUICK 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 QUICK CLOSE?

1 QUICK CLOSE is located in MELBOURNE, in the DE73 postcode district. The below map shows the position of No. 1 on QUICK CLOSE.