7, CASPIAN DRIVE, DERBY, DE24 1AG - £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.

7 CASPIAN DRIVE is a small extended terraced house of 91m², built sometime between 2003 and 2006, which could now be worth an estimated £238,882. It was last sold for £220,000 in June 2022, which was around 45% above the average June 2022 terraced price in the City of Derby local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

7 CASPIAN DRIVE Sold Prices

Land registry data shows two sales for 7 CASPIAN DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the City of Derby local authority area for the corresponding sale date. Both of the two 7 CASPIAN DRIVE 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
2022 24 JUN	£220,000	£151,630	45% above HPI
2011 30 SEP	£156,000	£96,276	62% above HPI

7 CASPIAN DRIVE 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 two 7 CASPIAN DRIVE sales from September 2011 and June 2022 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 September 2011 sale was for 62% above the HPI. So the extrapolation line tracks at 62% above the HPI over time, until the June 2022 sale, where it falls to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might 7 CASPIAN DRIVE be worth now?

7 CASPIAN DRIVE might now be worth an estimated £238,882.

This is based on house price inflation of 8.6%, between June 2022 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 8.6% inflationary increase is applied to the most recent sale price for 7 CASPIAN DRIVE of £220,000 on 24th June 2022. For the value to have increased from £220,000 to £238,882 over the three years to June 2025, the following assumptions must hold true:

• The value of 7 CASPIAN DRIVE has moved in line with the HPI for terraced houses in the City of Derby local authority area.
• The June 2022 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CASPIAN DRIVE has not materially changed since June 2022.

How Large is 7 CASPIAN DRIVE?

7 CASPIAN DRIVE is 91m², which includes one extension, according to the EPC inspection conducted in March 2022. This puts it in the smallest 40% 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 7 CASPIAN DRIVE lies on this distribution: 33% of terraced houses houses are smaller than 7 CASPIAN DRIVE, and 66% of houses are larger. Note that EPC data is not available for all properties in Derby.

7 CASPIAN DRIVE: Plot and Title Map

7 CASPIAN DRIVE sits on a plot of roughly 0.039 of an acre, or 159m². The below map shows the location of 7 CASPIAN DRIVE, 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 7 CASPIAN DRIVE). 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 7 CASPIAN DRIVE?

7 CASPIAN DRIVE is located in DERBY, in the DE24 postcode district. The below map shows the position of No. 7 on CASPIAN DRIVE.