3, SPRINGWOOD DRIVE, OAKWOOD, DERBY, DE21 2HE - £111,000

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 SPRINGWOOD DRIVE is a very small terraced house of 38m², built sometime between 1983 and 1990, which could now be worth an estimated £115,378. It was last sold for £111,000 in August 2023, which was around 30% below the average August 2023 terraced price in the City of Derby local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

3 SPRINGWOOD DRIVE Sold Prices

Land registry data shows three sales for 3 SPRINGWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the City of Derby local authority area for the corresponding sale date. All of the three 3 SPRINGWOOD DRIVE 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
2023 18 AUG	£111,000	£158,396	30% below HPI
2013 24 MAY	£89,000	£95,577	7% below HPI
2006 24 JAN	£79,500	£94,906	16% below HPI

3 SPRINGWOOD DRIVE 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 three 3 SPRINGWOOD DRIVE sales between January 2006 and August 2023 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 May 2013 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the August 2023 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 3 SPRINGWOOD DRIVE be worth now?

3 SPRINGWOOD DRIVE might now be worth an estimated £115,378.

This is based on house price inflation of 3.9%, between August 2023 and June 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 3.9% inflationary increase is applied to the most recent sale price for 3 SPRINGWOOD DRIVE of £111,000 on 18th August 2023. For the value to have increased from £111,000 to £115,378 over the two years and two months to June 2025, the following assumptions must hold true:

• The value of 3 SPRINGWOOD DRIVE has moved in line with the HPI for terraced houses in the City of Derby local authority area.
• The August 2023 sale price of £111,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SPRINGWOOD DRIVE has not materially changed since August 2023.

How Large is 3 SPRINGWOOD DRIVE?

3 SPRINGWOOD DRIVE is 38m² according to the EPC inspection conducted in March 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 3 SPRINGWOOD DRIVE lies on this distribution: Less than 1% of terraced houses houses are smaller than 3 SPRINGWOOD DRIVE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Derby.

3 SPRINGWOOD DRIVE: Plot and Title Map

3 SPRINGWOOD DRIVE sits on a plot of roughly 0.027 of an acre, or 110m². The below map shows the location of 3 SPRINGWOOD DRIVE, 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 SPRINGWOOD DRIVE). 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 SPRINGWOOD DRIVE?

3 SPRINGWOOD DRIVE is located in OAKWOOD, in the DE21 postcode district. The below map shows the position of No. 3 on SPRINGWOOD DRIVE.