6, MELROSE WAY, OAKERTHORPE, ALFRETON, DE55 7PF - £423,000

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.

6 MELROSE WAY is a midsized detached house of 205m², built sometime from 2007 onwards, which could now be worth an estimated £578,352. It was last sold for £423,000 in July 2019, which was around 70% above the average July 2019 detached price in the Amber Valley local authority area. The most recent EPC inspection was October 2018, where the current energy rating was C, and the potential energy rating was B.

6 MELROSE WAY Sold Prices

Land registry data shows two sales for 6 MELROSE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. Both of the two 6 MELROSE WAY 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 19 JUL	£423,000	£248,586	70% above HPI
2013 15 NOV	£400,000	£196,419	104% above HPI

6 MELROSE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Amber Valley local authority area over time, sourced from the HPI. The two 6 MELROSE WAY sales from November 2013 and July 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 November 2013 sale was for 104% above the HPI. So the extrapolation line tracks at 104% above the HPI over time, until the July 2019 sale, where it falls to 70% above the HPI. The line then continues to track at 70% above the HPI.

What might 6 MELROSE WAY be worth now?

6 MELROSE WAY might now be worth an estimated £578,352.

This is based on house price inflation of 36.7%, between July 2019 and February 2025, for detached houses, in the Amber Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 36.7% inflationary increase is applied to the most recent sale price for 6 MELROSE WAY of £423,000 on 19th July 2019. For the value to have increased from £423,000 to £578,352 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of 6 MELROSE WAY has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The July 2019 sale price of £423,000 represented a fair market value for the property.
• The size, condition, and specification of 6 MELROSE WAY has not materially changed since July 2019.

How Large is 6 MELROSE WAY?

6 MELROSE WAY is 205m² according to the EPC inspection conducted in October 2018. This puts it in the largest 50% of detached houses houses in Oakerthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oakerthorpe, and where 6 MELROSE WAY lies on this distribution: 56% of detached houses houses are smaller than 6 MELROSE WAY, and 44% of houses are larger. Note that EPC data is not available for all properties in Oakerthorpe.

6 MELROSE WAY: Plot and Title Map

6 MELROSE WAY sits on a plot of roughly 0.101 of an acre, or 410m². The below map shows the location of 6 MELROSE WAY, 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 6 MELROSE WAY). 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 6 MELROSE WAY?

6 MELROSE WAY is located in OAKERTHORPE, in the DE55 postcode district. The below map shows the position of No. 6 on MELROSE WAY.