7, GEMA CLOSE, ALLESTREE, DERBY, DE22 2UL - £265,000

7 GEMA CLOSE is a very small detached house of 76m², built sometime between 1967 and 1975. It was last sold for £265,000 in February 2022, which was around 7% below the average February 2022 detached price in the City of Derby local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was B.

7 GEMA CLOSE Sold Prices

Land registry data shows four sales for 7 GEMA CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the City of Derby local authority area for the corresponding sale date. two of the four 7 GEMA CLOSE sales were for below the average price, and four 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 15 FEB	£265,000	£285,472	7% below HPI
2008 13 JUN	£213,000	£203,454	5% above HPI
2008 26 FEB	£225,000	£207,436	8% above HPI
2007 9 NOV	£155,000	£208,204	26% below HPI

7 GEMA CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Derby local authority area over time, sourced from the HPI. The four 7 GEMA CLOSE sales between November 2007 and February 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 June 2008 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the February 2022 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 7 GEMA CLOSE?

7 GEMA CLOSE is 76m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 20% of detached houses in Derby, based on EPC data. The below chart shows the distribution of detached houses by size in Derby, and where 7 GEMA CLOSE lies on this distribution: 16% of detached houses are smaller than 7 GEMA CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Derby.

7 GEMA CLOSE: Plot and Title Map

7 GEMA CLOSE sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 7 GEMA 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 7 GEMA 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 7 GEMA CLOSE?

7 GEMA CLOSE is located in ALLESTREE, in the DE22 postcode district. The below map shows the position of No. 7 on GEMA CLOSE.