7, HERALD GROVE, CHELLASTON, DERBY, DE73 5WE - £308,000

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 HERALD GROVE is a very large detached house of 156m², built sometime between 1996 and 2002, which could now be worth an estimated £536,827. It was last sold for £308,000 in March 2012, which was around 71% above the average March 2012 detached price in the City of Derby local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was C.

7 HERALD GROVE Sold Prices

Land registry data shows three sales for 7 HERALD GROVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the City of Derby local authority area for the corresponding sale date. All of the three 7 HERALD GROVE 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
2012 12 MAR	£308,000	£180,257	71% above HPI
2003 21 NOV	£312,000	£161,369	93% above HPI
2001 7 DEC	£198,995	£99,760	99% above HPI

7 HERALD GROVE 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 three 7 HERALD GROVE sales between December 2001 and March 2012 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 2003 sale was for 93% above the HPI. So the extrapolation line tracks at 93% above the HPI over time, until the March 2012 sale, where it falls to 71% above the HPI. The line then continues to track at 71% above the HPI.

What might 7 HERALD GROVE be worth now?

7 HERALD GROVE might now be worth an estimated £536,827.

This is based on house price inflation of 74.3%, between March 2012 and May 2026, for detached 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 74.3% inflationary increase is applied to the most recent sale price for 7 HERALD GROVE of £308,000 on 12th March 2012. For the value to have increased from £308,000 to £536,827 over the thirteen years and ten months to May 2026, the following assumptions must hold true:

• The value of 7 HERALD GROVE has moved in line with the HPI for detached houses in the City of Derby local authority area.
• The March 2012 sale price of £308,000 represented a fair market value for the property.
• The size, condition, and specification of 7 HERALD GROVE has not materially changed since March 2012.

How Large is 7 HERALD GROVE?

7 HERALD GROVE is 156m² according to the EPC inspection conducted in July 2011. This puts it in the largest 20% of detached houses houses in Derby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Derby, and where 7 HERALD GROVE lies on this distribution: 86% of detached houses houses are smaller than 7 HERALD GROVE, and 14% of houses are larger. Note that EPC data is not available for all properties in Derby.

7 HERALD GROVE: Plot and Title Map

7 HERALD GROVE sits on a plot of roughly 0.147 of an acre, or 593m². The below map shows the location of 7 HERALD GROVE, 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 HERALD GROVE). 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 HERALD GROVE?

7 HERALD GROVE is located in CHELLASTON, in the DE73 postcode district. The below map shows the position of No. 7 on HERALD GROVE.