57, COMMERCE STREET, MELBOURNE, DERBY, DE73 8FT - £173,500

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.

57 COMMERCE STREET is a very small extended terraced house of 68m², built sometime between 1900 and 1929, which could now be worth an estimated £227,438. It was last sold for £173,500 in September 2019, which was around 19% above the average September 2019 terraced price in the South Derbyshire local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was B.

57 COMMERCE STREET Sold Prices

Land registry data shows three sales for 57 COMMERCE STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the South Derbyshire local authority area for the corresponding sale date. All of the three 57 COMMERCE STREET 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
2019 6 SEP	£173,500	£145,902	19% above HPI
2009 30 JAN	£130,525	£104,330	25% above HPI
2004 17 JUN	£122,950	£97,063	27% above HPI

57 COMMERCE STREET 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 three 57 COMMERCE STREET sales between June 2004 and September 2019 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 January 2009 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the September 2019 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 57 COMMERCE STREET be worth now?

57 COMMERCE STREET might now be worth an estimated £227,438.

This is based on house price inflation of 31.1%, between September 2019 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 31.1% inflationary increase is applied to the most recent sale price for 57 COMMERCE STREET of £173,500 on 6th September 2019. For the value to have increased from £173,500 to £227,438 over the seven years and four months to May 2026, the following assumptions must hold true:

• The value of 57 COMMERCE STREET has moved in line with the HPI for terraced houses in the South Derbyshire local authority area.
• The September 2019 sale price of £173,500 represented a fair market value for the property.
• The size, condition, and specification of 57 COMMERCE STREET has not materially changed since September 2019.

How Large is 57 COMMERCE STREET?

57 COMMERCE STREET is 68m², which includes two extensions, according to the EPC inspection conducted in July 2019. 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 57 COMMERCE STREET lies on this distribution: 5% of terraced houses houses are smaller than 57 COMMERCE STREET, and 95% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

57 COMMERCE STREET: Plot and Title Map

57 COMMERCE STREET sits on a plot of roughly 0.043 of an acre, or 173m². The below map shows the location of 57 COMMERCE STREET, 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 57 COMMERCE STREET). 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 57 COMMERCE STREET?

57 COMMERCE STREET is located in MELBOURNE, in the DE73 postcode district. The below map shows the position of No. 57 on COMMERCE STREET.