2, MAGELLAN WAY, DERBY, DE24 1AD - £350,000

2 MAGELLAN WAY is a large detached house of 123m², built sometime from 2007 onwards. It was last sold for £350,000 in January 2023, which was around 11% above the average January 2023 detached price in the City of Derby local authority area. The most recent EPC inspection was April 2013, where the current energy rating was C, and the potential energy rating was B.

2 MAGELLAN WAY Sold Prices

Land registry data shows three sales for 2 MAGELLAN 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 2 MAGELLAN 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
2023 27 JAN	£350,000	£315,648	11% above HPI
2013 12 DEC	£225,000	£192,675	17% above HPI
2007 25 MAY	£247,173	£205,151	20% above HPI

2 MAGELLAN 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 2 MAGELLAN WAY sales between May 2007 and January 2023 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 December 2013 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the January 2023 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is 2 MAGELLAN WAY?

2 MAGELLAN WAY is 123m² according to the EPC inspection conducted in April 2013. 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 2 MAGELLAN WAY lies on this distribution: 67% of detached houses are smaller than 2 MAGELLAN WAY, and 33% of houses are larger. Note that EPC data is not available for all properties in Derby.

2 MAGELLAN WAY: Plot and Title Map

2 MAGELLAN WAY sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 2 MAGELLAN 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 MAGELLAN 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 MAGELLAN WAY?

2 MAGELLAN WAY is located in DERBY, in the DE24 postcode district. The below map shows the position of No. 2 on MAGELLAN WAY.