3, LOCKINGTON CLOSE, CHELLASTON, DERBY, DE73 6XD - £74,950

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 LOCKINGTON CLOSE is a very small terraced house of 37m², built sometime between 1991 and 1995, which could now be worth an estimated £139,222. It was last sold for £74,950 in August 2004, which was around 15% below the average August 2004 terraced price in the City of Derby local authority area. The most recent EPC inspection was May 2011, where the current energy rating was E, and the potential energy rating was D.

3 LOCKINGTON CLOSE Sold Prices

Land registry data shows two sales for 3 LOCKINGTON 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 3 LOCKINGTON 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
2004 12 AUG	£74,950	£88,606	15% below HPI
1998 24 SEP	£25,000	£32,600	23% below HPI

3 LOCKINGTON 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 3 LOCKINGTON CLOSE sales from September 1998 and August 2004 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 1998 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the August 2004 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 3 LOCKINGTON CLOSE be worth now?

3 LOCKINGTON CLOSE might now be worth an estimated £139,222.

This is based on house price inflation of 85.8%, between August 2004 and May 2026, 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 85.8% inflationary increase is applied to the most recent sale price for 3 LOCKINGTON CLOSE of £74,950 on 12th August 2004. For the value to have increased from £74,950 to £139,222 over the 22 years and three months to May 2026, the following assumptions must hold true:

• The value of 3 LOCKINGTON CLOSE has moved in line with the HPI for terraced houses in the City of Derby local authority area.
• The August 2004 sale price of £74,950 represented a fair market value for the property.
• The size, condition, and specification of 3 LOCKINGTON CLOSE has not materially changed since August 2004.

How Large is 3 LOCKINGTON CLOSE?

3 LOCKINGTON CLOSE is 37m² according to the EPC inspection conducted in May 2011. 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 3 LOCKINGTON CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 3 LOCKINGTON CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Derby.

3 LOCKINGTON CLOSE: Plot and Title Map

3 LOCKINGTON CLOSE sits on a plot of roughly 0.029 of an acre, or 119m². The below map shows the location of 3 LOCKINGTON 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 3 LOCKINGTON 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 3 LOCKINGTON CLOSE?

3 LOCKINGTON CLOSE is located in CHELLASTON, in the DE73 postcode district. The below map shows the position of No. 3 on LOCKINGTON CLOSE.