2, HEDINGHAM WAY, MICKLEOVER, DERBY, DE3 0NX - £365,000

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 HEDINGHAM WAY is a large detached house of 117m², built sometime between 1967 and 1975, which could now be worth an estimated £514,577. It was last sold for £365,000 in June 2016, which was around 65% above the average June 2016 detached price in the City of Derby local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was B.

2 HEDINGHAM WAY Sold Prices

Land registry data shows two sales for 2 HEDINGHAM WAY 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 2 HEDINGHAM 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
2016 23 JUN	£365,000	£221,464	65% above HPI
2003 1 AUG	£278,500	£148,531	88% above HPI

2 HEDINGHAM 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 two 2 HEDINGHAM WAY sales from August 2003 and June 2016 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 2003 sale was for 88% above the HPI. So the extrapolation line tracks at 88% above the HPI over time, until the June 2016 sale, where it falls to 65% above the HPI. The line then continues to track at 65% above the HPI.

What might 2 HEDINGHAM WAY be worth now?

2 HEDINGHAM WAY might now be worth an estimated £514,577.

This is based on house price inflation of 41%, between June 2016 and March 2025, for detached houses, in the City of Derby local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 41% inflationary increase is applied to the most recent sale price for 2 HEDINGHAM WAY of £365,000 on 23rd June 2016. For the value to have increased from £365,000 to £514,577 over the nine years and three months to March 2025, the following assumptions must hold true:

• The value of 2 HEDINGHAM WAY has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The June 2016 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 2 HEDINGHAM WAY has not materially changed since June 2016.

How Large is 2 HEDINGHAM WAY?

2 HEDINGHAM WAY is 117m² according to the EPC inspection conducted in February 2016. This puts it in the largest 40% of detached houses houses in Derby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Derby, and where 2 HEDINGHAM WAY lies on this distribution: 61% of detached houses houses are smaller than 2 HEDINGHAM WAY, and 38% of houses are larger. Note that EPC data is not available for all properties in Derby.

2 HEDINGHAM WAY: Plot and Title Map

2 HEDINGHAM WAY sits on a plot of roughly 0.172 of an acre, or 697m². The below map shows the location of 2 HEDINGHAM 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 2 HEDINGHAM 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 2 HEDINGHAM WAY?

2 HEDINGHAM WAY is located in MICKLEOVER, in the DE3 postcode district. The below map shows the position of No. 2 on HEDINGHAM WAY.