2, PAGET ROAD, MELBOURNE, DERBY, DE73 8JW - £255,000

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 PAGET ROAD is a very small terraced house of 64m², which could now be worth an estimated £283,401. It was last sold for £255,000 in June 2022, which was around 49% above the average June 2022 terraced price in the South Derbyshire local authority area. The most recent EPC inspection was October 2015, where the current energy rating was B, and the potential energy rating was A.

2 PAGET ROAD Sold Prices

Land registry data shows three sales for 2 PAGET ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the South Derbyshire local authority area for the corresponding sale date. All of the three 2 PAGET ROAD 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
2022 10 JUN	£255,000	£171,670	49% above HPI
2016 16 SEP	£189,995	£135,223	41% above HPI
2015 27 NOV	£189,995	£131,193	45% above HPI

2 PAGET ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the South Derbyshire local authority area over time, sourced from the HPI. The three 2 PAGET ROAD sales between November 2015 and June 2022 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 September 2016 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the June 2022 sale, where it rises to 49% above the HPI. The line then continues to track at 49% above the HPI.

What might 2 PAGET ROAD be worth now?

2 PAGET ROAD might now be worth an estimated £283,401.

This is based on house price inflation of 11.1%, between June 2022 and July 2025, for terraced houses, in the South Derbyshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 11.1% inflationary increase is applied to the most recent sale price for 2 PAGET ROAD of £255,000 on 10th June 2022. For the value to have increased from £255,000 to £283,401 over the two years and eleven months to July 2025, the following assumptions must hold true:

• The value of 2 PAGET ROAD has moved in line with the HPI for terraced houses in the South Derbyshire local authority area.
• The June 2022 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PAGET ROAD has not materially changed since June 2022.

How Large is 2 PAGET ROAD?

2 PAGET ROAD is 64m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 10% of terraced houses houses in Melbourne, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Melbourne, and where 2 PAGET ROAD lies on this distribution: 3% of terraced houses houses are smaller than 2 PAGET ROAD, and 97% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

2 PAGET ROAD: Plot and Title Map

2 PAGET ROAD sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 2 PAGET ROAD, 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 PAGET ROAD). 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 PAGET ROAD?

2 PAGET ROAD is located in MELBOURNE, in the DE73 postcode district. The below map shows the position of No. 2 on PAGET ROAD.