5, MIDWAY, DARLEY ABBEY, DERBY, DE22 2BG - £220,000

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.

5 MIDWAY is a midsized extended detached house of 108m², built sometime between 1950 and 1966, which could now be worth an estimated £352,593. It was last sold for £220,000 in May 2014, which was around 12% above the average May 2014 detached price in the City of Derby local authority area. The most recent EPC inspection was November 2011, where the current energy rating was D, and the potential energy rating was D.

5 MIDWAY Sold Prices

Land registry data shows two sales for 5 MIDWAY 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 MIDWAY 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 21 MAY	£220,000	£196,031	12% above HPI
2012 26 NOV	£230,000	£183,020	26% above HPI

5 MIDWAY 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 MIDWAY sales from November 2012 and May 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 November 2012 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the May 2014 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 5 MIDWAY be worth now?

5 MIDWAY might now be worth an estimated £352,593.

This is based on house price inflation of 60.3%, between May 2014 and May 2026, for 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 60.3% inflationary increase is applied to the most recent sale price for 5 MIDWAY of £220,000 on 21st May 2014. For the value to have increased from £220,000 to £352,593 over the twelve years to May 2026, the following assumptions must hold true:

• The value of 5 MIDWAY has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The May 2014 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MIDWAY has not materially changed since May 2014.

How Large is 5 MIDWAY?

5 MIDWAY is 108m², which includes one extension, according to the EPC inspection conducted in November 2011. This puts it in the largest 50% of detached houses houses in Derby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Derby, and where 5 MIDWAY lies on this distribution: 50% of detached houses houses are smaller than 5 MIDWAY, and 49% of houses are larger. Note that EPC data is not available for all properties in Derby.

5 MIDWAY: Plot and Title Map

5 MIDWAY sits on a plot of roughly 0.100 of an acre, or 405m². The below map shows the location of 5 MIDWAY, 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 MIDWAY). 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 MIDWAY?

5 MIDWAY is located in DARLEY ABBEY, in the DE22 postcode district. The below map shows the position of No. 5 on MIDWAY.