1, WASHINGTON CLOSE, MELBOURNE, DERBY, DE73 8EX - £340,000

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 WASHINGTON CLOSE is a small extended detached house of 109m², built sometime between 1967 and 1975, which could now be worth an estimated £370,410. It was last sold for £340,000 in July 2024, which was around 1% above the average July 2024 detached price in the South Derbyshire local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was C.

1 WASHINGTON CLOSE Sold Prices

Land registry data shows five sales for 1 WASHINGTON CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the South Derbyshire local authority area for the corresponding sale date. The five 1 WASHINGTON CLOSE sales were a mix of above the average price, roughly equal to the average price, and 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
2024 12 JUL	£340,000	£336,667	1% above HPI
2012 6 JUN	£212,500	£212,963	Close to HPI
2004 25 MAR	£196,000	£172,298	14% above HPI
2002 3 JUL	£92,000	£131,076	30% below HPI
1997 19 SEP	£60,000	£78,160	23% below HPI

1 WASHINGTON CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Derbyshire local authority area over time, sourced from the HPI. The five 1 WASHINGTON CLOSE sales between September 1997 and July 2024 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 June 2012 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the July 2024 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 1 WASHINGTON CLOSE be worth now?

1 WASHINGTON CLOSE might now be worth an estimated £370,410.

This is based on house price inflation of 8.9%, between July 2024 and May 2026, for 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 8.9% inflationary increase is applied to the most recent sale price for 1 WASHINGTON CLOSE of £340,000 on 12th July 2024. For the value to have increased from £340,000 to £370,410 over the two years and two months to May 2026, the following assumptions must hold true:

• The value of 1 WASHINGTON CLOSE has moved in line with the HPI for detached houses in the South Derbyshire local authority area.
• The July 2024 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 1 WASHINGTON CLOSE has not materially changed since July 2024.

How Large is 1 WASHINGTON CLOSE?

1 WASHINGTON CLOSE is 109m², which includes one extension, according to the EPC inspection conducted in April 2022. This puts it in the smallest 40% of detached houses houses in Melbourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Melbourne, and where 1 WASHINGTON CLOSE lies on this distribution: 36% of detached houses houses are smaller than 1 WASHINGTON CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

1 WASHINGTON CLOSE: Plot and Title Map

1 WASHINGTON CLOSE sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 1 WASHINGTON 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 WASHINGTON 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 WASHINGTON CLOSE?

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