28, MELBOURNE CLOSE, ALLESTREE, DERBY, DE22 2QS - £185,000

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.

28 MELBOURNE CLOSE is a very small terraced house of 54m², built sometime between 1950 and 1966, which could now be worth an estimated £251,349. It was last sold for £185,000 in February 2020, which was around 50% above the average February 2020 terraced price in the City of Derby local authority area. The most recent EPC inspection was May 2014, where the current energy rating was E, and the potential energy rating was B.

28 MELBOURNE CLOSE Sold Prices

Land registry data shows two sales for 28 MELBOURNE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the City of Derby local authority area for the corresponding sale date. Both of the two 28 MELBOURNE CLOSE 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
2020 20 FEB	£185,000	£123,289	50% above HPI
2014 7 MAR	£128,000	£98,841	30% above HPI

28 MELBOURNE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the City of Derby local authority area over time, sourced from the HPI. The two 28 MELBOURNE CLOSE sales from March 2014 and February 2020 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 March 2014 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the February 2020 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

What might 28 MELBOURNE CLOSE be worth now?

28 MELBOURNE CLOSE might now be worth an estimated £251,349.

This is based on house price inflation of 35.9%, between February 2020 and July 2025, for terraced 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 35.9% inflationary increase is applied to the most recent sale price for 28 MELBOURNE CLOSE of £185,000 on 20th February 2020. For the value to have increased from £185,000 to £251,349 over the four years and seven months to July 2025, the following assumptions must hold true:

• The value of 28 MELBOURNE CLOSE has moved in line with the HPI for terraced houses in the City of Derby local authority area.
• The February 2020 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 28 MELBOURNE CLOSE has not materially changed since February 2020.

How Large is 28 MELBOURNE CLOSE?

28 MELBOURNE CLOSE is 54m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 10% of terraced houses houses in Derby, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Derby, and where 28 MELBOURNE CLOSE lies on this distribution: 2% of terraced houses houses are smaller than 28 MELBOURNE CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Derby.

28 MELBOURNE CLOSE: Plot and Title Map

28 MELBOURNE CLOSE sits on a plot of roughly 0.045 of an acre, or 184m². The below map shows the location of 28 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 28 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 28 MELBOURNE CLOSE?

28 MELBOURNE CLOSE is located in ALLESTREE, in the DE22 postcode district. The below map shows the position of No. 28 on MELBOURNE CLOSE.