2, GRANGEWOOD DRIVE, MILFORD, BELPER, DE56 0RW - £600,000

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.

2 GRANGEWOOD DRIVE is a very large extended detached house of 263m², built sometime between 1983 and 1990, which could now be worth an estimated £1,111,137. It was last sold for £600,000 in October 2011, which was around 227% above the average October 2011 detached price in the Amber Valley local authority area. The most recent EPC inspection was June 2009, where the current energy rating was D, and the potential energy rating was D.

2 GRANGEWOOD DRIVE Sold Prices

Land registry data shows three sales for 2 GRANGEWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. All of the three 2 GRANGEWOOD DRIVE 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
2011 21 OCT	£600,000	£183,532	227% above HPI
2001 2 AUG	£307,000	£92,659	231% above HPI
1995 3 APR	£215,000	£61,013	252% above HPI

2 GRANGEWOOD DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Amber Valley local authority area over time, sourced from the HPI. The three 2 GRANGEWOOD DRIVE sales between April 1995 and October 2011 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 August 2001 sale was for 231% above the HPI. So the extrapolation line tracks at 231% above the HPI over time, until the October 2011 sale, where it falls to 227% above the HPI. The line then continues to track at 227% above the HPI.

What might 2 GRANGEWOOD DRIVE be worth now?

2 GRANGEWOOD DRIVE might now be worth an estimated £1,111,137.

This is based on house price inflation of 85.2%, between October 2011 and February 2025, for detached houses, in the Amber Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 85.2% inflationary increase is applied to the most recent sale price for 2 GRANGEWOOD DRIVE of £600,000 on 21st October 2011. For the value to have increased from £600,000 to £1,111,137 over the fourteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 GRANGEWOOD DRIVE has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The October 2011 sale price of £600,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GRANGEWOOD DRIVE has not materially changed since October 2011.

How Large is 2 GRANGEWOOD DRIVE?

2 GRANGEWOOD DRIVE is 263m², which includes two extensions, according to the EPC inspection conducted in June 2009. This puts it in the largest 10% of detached houses houses in Milford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Milford, and where 2 GRANGEWOOD DRIVE lies on this distribution: More than 99% of detached houses houses are smaller than 2 GRANGEWOOD DRIVE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Milford.

2 GRANGEWOOD DRIVE: Plot and Title Map

2 GRANGEWOOD DRIVE sits on a plot of roughly 2.0 acres, or 8,010m². The below map shows the location of 2 GRANGEWOOD DRIVE, 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 2 GRANGEWOOD DRIVE). 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 2 GRANGEWOOD DRIVE?

2 GRANGEWOOD DRIVE is located in MILFORD, in the DE56 postcode district. The below map shows the position of No. 2 on GRANGEWOOD DRIVE.