67, COMMERCE STREET, MELBOURNE, DERBY, DE73 8FT - £160,000

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.

67 COMMERCE STREET is a very small terraced house of 48m², built sometime between 1900 and 1929, which could now be worth an estimated £220,018. It was last sold for £160,000 in September 2017, which was around 15% above the average September 2017 terraced price in the South Derbyshire local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was B.

67 COMMERCE STREET Sold Prices

Land registry data shows three sales for 67 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. Two of the three 67 COMMERCE STREET sales were for above the average price, whilst one was 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
2017 22 SEP	£160,000	£139,087	15% above HPI
2013 25 JUN	£115,000	£111,831	3% above HPI
2001 29 OCT	£52,000	£54,161	4% below HPI

67 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 67 COMMERCE STREET sales between October 2001 and September 2017 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 June 2013 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the September 2017 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 67 COMMERCE STREET be worth now?

67 COMMERCE STREET might now be worth an estimated £220,018.

This is based on house price inflation of 37.5%, between September 2017 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 37.5% inflationary increase is applied to the most recent sale price for 67 COMMERCE STREET of £160,000 on 22nd September 2017. For the value to have increased from £160,000 to £220,018 over the nine years and four months to May 2026, the following assumptions must hold true:

• The value of 67 COMMERCE STREET has moved in line with the HPI for terraced houses in the South Derbyshire local authority area.
• The September 2017 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 67 COMMERCE STREET has not materially changed since September 2017.

How Large is 67 COMMERCE STREET?

67 COMMERCE STREET is 48m² according to the EPC inspection conducted in May 2017. 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 67 COMMERCE STREET lies on this distribution: 1% of terraced houses houses are smaller than 67 COMMERCE STREET, and 99% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

67 COMMERCE STREET: Plot and Title Map

67 COMMERCE STREET sits on a plot of roughly 0.010 of an acre, or 41m². The below map shows the location of 67 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 67 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 67 COMMERCE STREET?

67 COMMERCE STREET is located in MELBOURNE, in the DE73 postcode district. The below map shows the position of No. 67 on COMMERCE STREET.