23, SPINNEY HILL, MELBOURNE, DERBY, DE73 8GT - £232,500

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.

23 SPINNEY HILL is a very small extended terraced house of 76m², built sometime between 1991 and 1995, which could now be worth an estimated £263,916. It was last sold for £232,500 in April 2022, which was around 38% above the average April 2022 terraced price in the South Derbyshire local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

23 SPINNEY HILL Sold Prices

Land registry data shows three sales for 23 SPINNEY HILL 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 23 SPINNEY HILL 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 7 APR	£232,500	£168,493	38% above HPI
2002 25 JUN	£97,500	£60,790	60% above HPI
1995 10 JAN	£58,500	£33,562	74% above HPI

23 SPINNEY HILL 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 23 SPINNEY HILL sales between January 1995 and April 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 June 2002 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the April 2022 sale, where it falls to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 23 SPINNEY HILL be worth now?

23 SPINNEY HILL might now be worth an estimated £263,916.

This is based on house price inflation of 13.5%, between April 2022 and May 2026, 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 13.5% inflationary increase is applied to the most recent sale price for 23 SPINNEY HILL of £232,500 on 7th April 2022. For the value to have increased from £232,500 to £263,916 over the three years and eleven months to May 2026, the following assumptions must hold true:

• The value of 23 SPINNEY HILL has moved in line with the HPI for terraced houses in the South Derbyshire local authority area.
• The April 2022 sale price of £232,500 represented a fair market value for the property.
• The size, condition, and specification of 23 SPINNEY HILL has not materially changed since April 2022.

How Large is 23 SPINNEY HILL?

23 SPINNEY HILL is 76m², which includes one extension, according to the EPC inspection conducted in September 2021. 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 23 SPINNEY HILL lies on this distribution: 9% of terraced houses houses are smaller than 23 SPINNEY HILL, and 90% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

23 SPINNEY HILL: Plot and Title Map

23 SPINNEY HILL sits on a plot of roughly 0.032 of an acre, or 128m². The below map shows the location of 23 SPINNEY HILL, 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 23 SPINNEY HILL). 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 23 SPINNEY HILL?

23 SPINNEY HILL is located in MELBOURNE, in the DE73 postcode district. The below map shows the position of No. 23 on SPINNEY HILL.