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

3 MELBOURNE CLOSE is a very small detached house of 56m², built sometime between 1950 and 1966. It was last sold for £185,000 in August 2016, which was around 18% below the average August 2016 detached price in the City of Derby local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

3 MELBOURNE CLOSE Sold Prices

Land registry data shows two sales for 3 MELBOURNE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the City of Derby local authority area for the corresponding sale date. Both of the two 3 MELBOURNE 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
2016 1 AUG	£185,000	£225,407	18% below HPI
2007 5 APR	£155,000	£201,314	23% below HPI

3 MELBOURNE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Derby local authority area over time, sourced from the HPI. The two 3 MELBOURNE CLOSE sales from April 2007 and August 2016 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 April 2007 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the August 2016 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 3 MELBOURNE CLOSE?

3 MELBOURNE CLOSE is 56m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 10% of detached houses in Derby, based on EPC data. The below chart shows the distribution of detached houses by size in Derby, and where 3 MELBOURNE CLOSE lies on this distribution: 3% of detached houses are smaller than 3 MELBOURNE CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Derby.

3 MELBOURNE CLOSE: Plot and Title Map

3 MELBOURNE CLOSE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 3 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 3 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 3 MELBOURNE CLOSE?

3 MELBOURNE CLOSE is located in ALLESTREE, in the DE22 postcode district. The below map shows the position of No. 3 on MELBOURNE CLOSE.