8, GRANGEWOOD DRIVE, MILFORD, BELPER, DE56 0RW - £355,000

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.

8 GRANGEWOOD DRIVE is a very small detached house of 78m², built sometime between 1976 and 1982, which could now be worth an estimated £400,700. It was last sold for £355,000 in March 2022, which was around 18% above the average March 2022 detached price in the Amber Valley local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was B.

8 GRANGEWOOD DRIVE Sold Prices

Land registry data shows two sales for 8 GRANGEWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. Both of the two 8 GRANGEWOOD 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 25 MAR	£355,000	£301,118	18% above HPI
2000 5 DEC	£86,750	£85,705	1% above HPI

8 GRANGEWOOD DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Amber Valley local authority area over time, sourced from the HPI. The two 8 GRANGEWOOD DRIVE sales from December 2000 and March 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 December 2000 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the March 2022 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 8 GRANGEWOOD DRIVE be worth now?

8 GRANGEWOOD DRIVE might now be worth an estimated £400,700.

This is based on house price inflation of 12.9%, between March 2022 and February 2025, for detached 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 12.9% inflationary increase is applied to the most recent sale price for 8 GRANGEWOOD DRIVE of £355,000 on 25th March 2022. For the value to have increased from £355,000 to £400,700 over the three years and one month to February 2025, the following assumptions must hold true:

• The value of 8 GRANGEWOOD DRIVE has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The March 2022 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 8 GRANGEWOOD DRIVE has not materially changed since March 2022.

How Large is 8 GRANGEWOOD DRIVE?

8 GRANGEWOOD DRIVE is 78m² according to the EPC inspection conducted in May 2021. This puts it in the smallest 20% of detached houses houses in Milford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Milford, and where 8 GRANGEWOOD DRIVE lies on this distribution: 16% of detached houses houses are smaller than 8 GRANGEWOOD DRIVE, and 84% of houses are larger. Note that EPC data is not available for all properties in Milford.

8 GRANGEWOOD DRIVE: Plot and Title Map

8 GRANGEWOOD DRIVE sits on a plot of roughly 0.095 of an acre, or 386m². The below map shows the location of 8 GRANGEWOOD 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 8 GRANGEWOOD 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 8 GRANGEWOOD DRIVE?

8 GRANGEWOOD DRIVE is located in MILFORD, in the DE56 postcode district. The below map shows the position of No. 8 on GRANGEWOOD DRIVE.