3, COMMERCE STREET, MELBOURNE, DERBY, DE73 8FT - £220,000

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.

3 COMMERCE STREET is a very small extended terraced house of 61m², built sometime before 1900, which could now be worth an estimated £227,076. It was last sold for £220,000 in October 2024, which was around 19% above the average October 2024 terraced price in the South Derbyshire local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

3 COMMERCE STREET Sold Prices

Land registry data shows six sales for 3 COMMERCE STREET since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the South Derbyshire local authority area for the corresponding sale date. All of the six 3 COMMERCE STREET 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
2024 10 OCT	£220,000	£185,300	19% above HPI
2016 22 JAN	£138,000	£128,670	7% above HPI
2006 10 NOV	£136,000	£119,810	14% above HPI
2001 6 AUG	£58,000	£51,658	12% above HPI
2000 28 JAN	£56,500	£43,475	30% above HPI
1998 30 JAN	£45,000	£37,314	21% above HPI

3 COMMERCE STREET 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 six 3 COMMERCE STREET sales between January 1998 and October 2024 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 January 2016 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the October 2024 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 3 COMMERCE STREET be worth now?

3 COMMERCE STREET might now be worth an estimated £227,076.

This is based on house price inflation of 3.2%, between October 2024 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 3.2% inflationary increase is applied to the most recent sale price for 3 COMMERCE STREET of £220,000 on 10th October 2024. For the value to have increased from £220,000 to £227,076 over the two years and five months to May 2026, the following assumptions must hold true:

• The value of 3 COMMERCE STREET has moved in line with the HPI for terraced houses in the South Derbyshire local authority area.
• The October 2024 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 3 COMMERCE STREET has not materially changed since October 2024.

How Large is 3 COMMERCE STREET?

3 COMMERCE STREET is 61m², which includes one extension, according to the EPC inspection conducted in November 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 3 COMMERCE STREET lies on this distribution: 3% of terraced houses houses are smaller than 3 COMMERCE STREET, and 97% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

3 COMMERCE STREET: Plot and Title Map

3 COMMERCE STREET sits on a plot of roughly 0.033 of an acre, or 133m². The below map shows the location of 3 COMMERCE STREET, 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 3 COMMERCE STREET). 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 3 COMMERCE STREET?

3 COMMERCE STREET is located in MELBOURNE, in the DE73 postcode district. The below map shows the position of No. 3 on COMMERCE STREET.