7, NEEDHAM STREET, CODNOR, RIPLEY, DE5 9RR - £127,500

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 NEEDHAM STREET is a very small extended terraced house of 64m², built sometime between 1900 and 1929, which could now be worth an estimated £133,576. It was last sold for £127,500 in September 2022, which was around 21% below the average September 2022 terraced price in the Amber Valley local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

7 NEEDHAM STREET Sold Prices

Land registry data shows five sales for 7 NEEDHAM STREET since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Amber Valley local authority area for the corresponding sale date. All of the five 7 NEEDHAM STREET sales were 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
2022 8 SEP	£127,500	£162,272	21% below HPI
2018 1 JUN	£77,250	£121,165	36% below HPI
2007 3 MAY	£95,000	£107,277	11% below HPI
2000 10 MAR	£31,500	£36,015	13% below HPI
1999 25 JAN	£15,050	£33,068	54% below HPI

7 NEEDHAM STREET Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Amber Valley local authority area over time, sourced from the HPI. The five 7 NEEDHAM STREET sales between January 1999 and September 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 2018 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the September 2022 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 7 NEEDHAM STREET be worth now?

7 NEEDHAM STREET might now be worth an estimated £133,576.

This is based on house price inflation of 4.8%, between September 2022 and June 2025, for terraced 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 4.8% inflationary increase is applied to the most recent sale price for 7 NEEDHAM STREET of £127,500 on 8th September 2022. For the value to have increased from £127,500 to £133,576 over the three years and three months to June 2025, the following assumptions must hold true:

• The value of 7 NEEDHAM STREET has moved in line with the HPI for terraced houses in the Amber Valley local authority area.
• The September 2022 sale price of £127,500 represented a fair market value for the property.
• The size, condition, and specification of 7 NEEDHAM STREET has not materially changed since September 2022.

How Large is 7 NEEDHAM STREET?

7 NEEDHAM STREET is 64m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the smallest 10% of terraced houses houses in Ripley, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Ripley, and where 7 NEEDHAM STREET lies on this distribution: 7% of terraced houses houses are smaller than 7 NEEDHAM STREET, and 92% of houses are larger. Note that EPC data is not available for all properties in Ripley.

7 NEEDHAM STREET: Plot and Title Map

7 NEEDHAM STREET sits on a plot of roughly 0.039 of an acre, or 157m². The below map shows the location of 7 NEEDHAM 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 7 NEEDHAM 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 7 NEEDHAM STREET?

7 NEEDHAM STREET is located in CODNOR, in the DE5 postcode district. The below map shows the position of No. 7 on NEEDHAM STREET.