38, NEEDHAM STREET, CODNOR, RIPLEY, DE5 9RR - £105,000

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.

38 NEEDHAM STREET is a very small extended terraced house of 49m², built sometime between 1900 and 1929, which could now be worth an estimated £123,722. It was last sold for £105,000 in May 2021, which was around 27% below the average May 2021 terraced price in the Amber Valley local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

38 NEEDHAM STREET Sold Prices

Land registry data shows three sales for 38 NEEDHAM STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Amber Valley local authority area for the corresponding sale date. All of the three 38 NEEDHAM STREET 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
2021 7 MAY	£105,000	£144,279	27% below HPI
2018 22 NOV	£65,000	£124,995	48% below HPI
2004 21 JUL	£59,500	£84,328	29% below HPI

38 NEEDHAM STREET Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Amber Valley local authority area over time, sourced from the HPI. The three 38 NEEDHAM STREET sales between July 2004 and May 2021 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 November 2018 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the May 2021 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 38 NEEDHAM STREET be worth now?

38 NEEDHAM STREET might now be worth an estimated £123,722.

This is based on house price inflation of 17.8%, between May 2021 and June 2025, for terraced houses, in the Amber Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.8% inflationary increase is applied to the most recent sale price for 38 NEEDHAM STREET of £105,000 on 7th May 2021. For the value to have increased from £105,000 to £123,722 over the three years and eleven months to June 2025, the following assumptions must hold true:

• The value of 38 NEEDHAM STREET has moved in line with the HPI for terraced houses in the Amber Valley local authority area.
• The May 2021 sale price of £105,000 represented a fair market value for the property.
• The size, condition, and specification of 38 NEEDHAM STREET has not materially changed since May 2021.

How Large is 38 NEEDHAM STREET?

38 NEEDHAM STREET is 49m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the smallest 10% of terraced houses houses in Ripley, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Ripley, and where 38 NEEDHAM STREET lies on this distribution: 1% of terraced houses houses are smaller than 38 NEEDHAM STREET, and 99% of houses are larger. Note that EPC data is not available for all properties in Ripley.

38 NEEDHAM STREET: Plot and Title Map

38 NEEDHAM STREET sits on a plot of roughly 0.040 of an acre, or 161m². The below map shows the location of 38 NEEDHAM 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 38 NEEDHAM 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 38 NEEDHAM STREET?

38 NEEDHAM STREET is located in CODNOR, in the DE5 postcode district. The below map shows the position of No. 38 on NEEDHAM STREET.