5, REDSTART CLOSE, SPONDON, DERBY, DE21 7TH - £138,000

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 REDSTART CLOSE is a very small terraced house of 58m², built sometime between 1983 and 1990, which could now be worth an estimated £186,500. It was last sold for £138,000 in November 2018, which was around 13% above the average November 2018 terraced price in the City of Derby local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

5 REDSTART CLOSE Sold Prices

Land registry data shows four sales for 5 REDSTART CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the City of Derby local authority area for the corresponding sale date. two of the four 5 REDSTART CLOSE sales were for above the average price, and four 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
2018 19 NOV	£138,000	£121,828	13% above HPI
2014 12 MAR	£110,000	£98,841	11% above HPI
2008 15 FEB	£105,000	£108,561	3% below HPI
2006 25 AUG	£92,000	£102,344	10% below HPI

5 REDSTART CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the City of Derby local authority area over time, sourced from the HPI. The four 5 REDSTART CLOSE sales between August 2006 and November 2018 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 March 2014 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the November 2018 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 5 REDSTART CLOSE be worth now?

5 REDSTART CLOSE might now be worth an estimated £186,500.

This is based on house price inflation of 35.1%, between November 2018 and June 2025, for terraced 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 35.1% inflationary increase is applied to the most recent sale price for 5 REDSTART CLOSE of £138,000 on 19th November 2018. For the value to have increased from £138,000 to £186,500 over the seven years and five months to June 2025, the following assumptions must hold true:

• The value of 5 REDSTART CLOSE has moved in line with the HPI for terraced houses in the City of Derby local authority area.
• The November 2018 sale price of £138,000 represented a fair market value for the property.
• The size, condition, and specification of 5 REDSTART CLOSE has not materially changed since November 2018.

How Large is 5 REDSTART CLOSE?

5 REDSTART CLOSE is 58m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 10% of terraced houses houses in Derby, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Derby, and where 5 REDSTART CLOSE lies on this distribution: 4% of terraced houses houses are smaller than 5 REDSTART CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Derby.

5 REDSTART CLOSE: Plot and Title Map

5 REDSTART CLOSE sits on a plot of roughly 0.040 of an acre, or 162m². The below map shows the location of 5 REDSTART CLOSE, 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 REDSTART CLOSE). 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 REDSTART CLOSE?

5 REDSTART CLOSE is located in SPONDON, in the DE21 postcode district. The below map shows the position of No. 5 on REDSTART CLOSE.