14, SOVEREIGN WAY, OAKWOOD, DERBY, DE21 2XU - £238,000

14 SOVEREIGN WAY is a large extended detached house of 121m², built sometime between 1991 and 1995. It was last sold for £238,000 in May 2013, which was around 27% above the average May 2013 detached price in the City of Derby local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was B.

14 SOVEREIGN WAY Sold Prices

Land registry data shows three sales for 14 SOVEREIGN WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the City of Derby local authority area for the corresponding sale date. All of the three 14 SOVEREIGN WAY 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
2013 2 MAY	£238,000	£187,279	27% above HPI
2004 20 OCT	£222,500	£188,267	18% above HPI
1997 25 JUL	£102,995	£66,428	55% above HPI

14 SOVEREIGN WAY 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 three 14 SOVEREIGN WAY sales between July 1997 and May 2013 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 2004 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the May 2013 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

How Large is 14 SOVEREIGN WAY?

14 SOVEREIGN WAY is 121m², which includes one extension, according to the EPC inspection conducted in August 2015. This puts it in the largest 40% of detached houses in Derby, based on EPC data. The below chart shows the distribution of detached houses by size in Derby, and where 14 SOVEREIGN WAY lies on this distribution: 65% of detached houses are smaller than 14 SOVEREIGN WAY, and 34% of houses are larger. Note that EPC data is not available for all properties in Derby.

14 SOVEREIGN WAY: Plot and Title Map

14 SOVEREIGN WAY sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 14 SOVEREIGN WAY, 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 14 SOVEREIGN WAY). 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 14 SOVEREIGN WAY?

14 SOVEREIGN WAY is located in OAKWOOD, in the DE21 postcode district. The below map shows the position of No. 14 on SOVEREIGN WAY.