2, MELBOURNE CLOSE, ALLESTREE, DERBY, DE22 2QS - £130,000

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 MELBOURNE CLOSE is a very small detached house of 56m², built sometime between 1967 and 1975, which could now be worth an estimated £245,366. It was last sold for £130,000 in May 2009, which was around 23% below the average May 2009 detached price in the City of Derby local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was C.

2 MELBOURNE CLOSE Sold Prices

Land registry data shows three sales for 2 MELBOURNE CLOSE 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 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
2009 5 MAY	£130,000	£168,328	23% below HPI
2007 20 FEB	£150,000	£204,782	27% below HPI
1999 2 DEC	£40,000	£75,926	47% below HPI

2 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 three 2 MELBOURNE CLOSE sales between December 1999 and May 2009 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 February 2007 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the May 2009 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 2 MELBOURNE CLOSE be worth now?

2 MELBOURNE CLOSE might now be worth an estimated £245,366.

This is based on house price inflation of 88.7%, between May 2009 and February 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 88.7% inflationary increase is applied to the most recent sale price for 2 MELBOURNE CLOSE of £130,000 on 5th May 2009. For the value to have increased from £130,000 to £245,366 over the sixteen years and three months to February 2025, the following assumptions must hold true:

• The value of 2 MELBOURNE CLOSE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The May 2009 sale price of £130,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MELBOURNE CLOSE has not materially changed since May 2009.

How Large is 2 MELBOURNE CLOSE?

2 MELBOURNE CLOSE is 56m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 10% 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 MELBOURNE CLOSE lies on this distribution: 3% of detached houses houses are smaller than 2 MELBOURNE CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Derby.

2 MELBOURNE CLOSE: Plot and Title Map

2 MELBOURNE CLOSE sits on a plot of roughly 0.086 of an acre, or 350m². The below map shows the location of 2 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 2 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 2 MELBOURNE CLOSE?

2 MELBOURNE CLOSE is located in ALLESTREE, in the DE22 postcode district. The below map shows the position of No. 2 on MELBOURNE CLOSE.