5, GRAVEL PIT LANE, SPONDON, DERBY, DE21 7DA - £300,000

5 GRAVEL PIT LANE is a midsized extended detached house of 111m², built sometime between 1930 and 1949. It was last sold for £300,000 in December 2022, which was around 5% below the average December 2022 detached price in the City of Derby local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was C.

5 GRAVEL PIT LANE Sold Prices

Land registry data shows two sales for 5 GRAVEL PIT LANE 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 5 GRAVEL PIT LANE 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
2022 9 DEC	£300,000	£315,078	5% below HPI
2018 7 DEC	£175,500	£242,932	28% below HPI

5 GRAVEL PIT LANE 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 5 GRAVEL PIT LANE sales from December 2018 and December 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 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the December 2022 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 5 GRAVEL PIT LANE?

5 GRAVEL PIT LANE is 111m², which includes two extensions, according to the EPC inspection conducted in August 2022. This puts it in the largest 50% of detached houses in Derby, based on EPC data. The below chart shows the distribution of detached houses by size in Derby, and where 5 GRAVEL PIT LANE lies on this distribution: 54% of detached houses are smaller than 5 GRAVEL PIT LANE, and 45% of houses are larger. Note that EPC data is not available for all properties in Derby.

5 GRAVEL PIT LANE: Plot and Title Map

5 GRAVEL PIT LANE sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 5 GRAVEL PIT LANE, 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 GRAVEL PIT LANE). 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 GRAVEL PIT LANE?

5 GRAVEL PIT LANE is located in SPONDON, in the DE21 postcode district. The below map shows the position of No. 5 on GRAVEL PIT LANE.