4, BAY CLOSE, MICKLEOVER, DERBY, DE3 0FF - £243,500

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.

4 BAY CLOSE is a very small semi-detached house of 76m², which could now be worth an estimated £267,897. It was last sold for £243,500 in June 2022, which was around 27% above the average June 2022 semi-detached price in the City of Derby local authority area. The most recent EPC inspection was November 2018, where the current energy rating was B, and the potential energy rating was A.

4 BAY CLOSE Sold Prices

Land registry data shows two sales for 4 BAY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the City of Derby local authority area for the corresponding sale date. Both of the two 4 BAY CLOSE 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
2022 30 JUN	£243,500	£191,239	27% above HPI
2018 7 DEC	£199,000	£154,510	29% above HPI

4 BAY CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the City of Derby local authority area over time, sourced from the HPI. The two 4 BAY CLOSE sales from December 2018 and June 2022 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 December 2018 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the June 2022 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 4 BAY CLOSE be worth now?

4 BAY CLOSE might now be worth an estimated £267,897.

This is based on house price inflation of 10%, between June 2022 and July 2026, for semi-detached 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 10% inflationary increase is applied to the most recent sale price for 4 BAY CLOSE of £243,500 on 30th June 2022. For the value to have increased from £243,500 to £267,897 over the three years and eleven months to July 2026, the following assumptions must hold true:

• The value of 4 BAY CLOSE has moved in line with the HPI for semi-detached houses in the City of Derby local authority area.
• The June 2022 sale price of £243,500 represented a fair market value for the property.
• The size, condition, and specification of 4 BAY CLOSE has not materially changed since June 2022.

How Large is 4 BAY CLOSE?

4 BAY CLOSE is 76m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 20% of semi-detached houses houses in Derby, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Derby, and where 4 BAY CLOSE lies on this distribution: 16% of semi-detached houses houses are smaller than 4 BAY CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Derby.

Where is 4 BAY CLOSE?

4 BAY CLOSE is located in MICKLEOVER, in the DE3 postcode district. The below map shows the position of No. 4 on BAY CLOSE.