12, MELBOURNE CLOSE, ALLESTREE, DERBY, DE22 2QS - £235,000

12 MELBOURNE CLOSE is a very small detached house of 56m², built sometime between 1950 and 1966. It was last sold for £235,000 in October 2018, which was around 3% below the average October 2018 detached price in the City of Derby local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

12 MELBOURNE CLOSE Sold Prices

Land registry data shows two sales for 12 MELBOURNE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the City of Derby local authority area for the corresponding sale date. Both of the two 12 MELBOURNE 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
2018 1 OCT	£235,000	£242,118	3% below HPI
2005 8 APR	£165,000	£187,386	12% below HPI

12 MELBOURNE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Derby local authority area over time, sourced from the HPI. The two 12 MELBOURNE CLOSE sales from April 2005 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 April 2005 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the October 2018 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 12 MELBOURNE CLOSE?

12 MELBOURNE CLOSE is 56m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 10% of detached houses in Derby, based on EPC data. The below chart shows the distribution of detached houses by size in Derby, and where 12 MELBOURNE CLOSE lies on this distribution: 3% of detached houses are smaller than 12 MELBOURNE CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Derby.

12 MELBOURNE CLOSE: Plot and Title Map

12 MELBOURNE CLOSE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 12 MELBOURNE 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 12 MELBOURNE 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 12 MELBOURNE CLOSE?

12 MELBOURNE CLOSE is located in ALLESTREE, in the DE22 postcode district. The below map shows the position of No. 12 on MELBOURNE CLOSE.