5, CASTLE MILLS, MELBOURNE, DERBY, DE73 8BF - £129,950

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.

5 CASTLE MILLS is a very small terraced house of 68m², built sometime between 1983 and 1990, which could now be worth an estimated £213,109. It was last sold for £129,950 in February 2014, which was around 11% above the average February 2014 terraced price in the South Derbyshire local authority area. The most recent EPC inspection was November 2011, where the current energy rating was C, and the potential energy rating was C.

5 CASTLE MILLS Sold Prices

Land registry data shows two sales for 5 CASTLE MILLS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the South Derbyshire local authority area for the corresponding sale date. Both of the two 5 CASTLE MILLS 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
2014 24 FEB	£129,950	£116,627	11% above HPI
1998 12 JUN	£64,950	£37,789	72% above HPI

5 CASTLE MILLS Price Paid vs. HPI Average

The below graph shows the average terraced house price in the South Derbyshire local authority area over time, sourced from the HPI. The two 5 CASTLE MILLS sales from June 1998 and February 2014 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 June 1998 sale was for 72% above the HPI. So the extrapolation line tracks at 72% above the HPI over time, until the February 2014 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 5 CASTLE MILLS be worth now?

5 CASTLE MILLS might now be worth an estimated £213,109.

This is based on house price inflation of 64%, between February 2014 and May 2026, for terraced houses, in the South Derbyshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 64% inflationary increase is applied to the most recent sale price for 5 CASTLE MILLS of £129,950 on 24th February 2014. For the value to have increased from £129,950 to £213,109 over the eleven years and nine months to May 2026, the following assumptions must hold true:

• The value of 5 CASTLE MILLS has moved in line with the HPI for terraced houses in the South Derbyshire local authority area.
• The February 2014 sale price of £129,950 represented a fair market value for the property.
• The size, condition, and specification of 5 CASTLE MILLS has not materially changed since February 2014.

How Large is 5 CASTLE MILLS?

5 CASTLE MILLS is 68m² according to the EPC inspection conducted in November 2011. This puts it in the smallest 10% of terraced houses houses in Melbourne, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Melbourne, and where 5 CASTLE MILLS lies on this distribution: 5% of terraced houses houses are smaller than 5 CASTLE MILLS, and 95% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

5 CASTLE MILLS: Plot and Title Map

5 CASTLE MILLS sits on a plot of roughly 1.2 acres, or 4,814m². The below map shows the location of 5 CASTLE MILLS, 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 5 CASTLE MILLS). 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 5 CASTLE MILLS?

5 CASTLE MILLS is located in MELBOURNE, in the DE73 postcode district. The below map shows the position of No. 5 on CASTLE MILLS.