8, NEEDHAM STREET, CODNOR, RIPLEY, DE5 9RR - £157,000

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 NEEDHAM STREET is a small extended semi-detached house of 78m², built sometime between 1900 and 1929, which could now be worth an estimated £180,695. It was last sold for £157,000 in May 2022, which was around 17% below the average May 2022 semi-detached price in the Amber Valley local authority area. The most recent EPC inspection was February 2017, where the current energy rating was E, and the potential energy rating was B.

8 NEEDHAM STREET Sold Prices

Land registry data shows three sales for 8 NEEDHAM STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Amber Valley local authority area for the corresponding sale date. All of the three 8 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 27 MAY	£157,000	£189,412	17% below HPI
2016 19 AUG	£103,000	£141,144	27% below HPI
2006 10 FEB	£98,000	£116,844	16% below HPI

8 NEEDHAM STREET Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Amber Valley local authority area over time, sourced from the HPI. The three 8 NEEDHAM STREET sales between February 2006 and May 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 August 2016 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the May 2022 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 8 NEEDHAM STREET be worth now?

8 NEEDHAM STREET might now be worth an estimated £180,695.

This is based on house price inflation of 15.1%, between May 2022 and February 2025, for semi-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 15.1% inflationary increase is applied to the most recent sale price for 8 NEEDHAM STREET of £157,000 on 27th May 2022. For the value to have increased from £157,000 to £180,695 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 8 NEEDHAM STREET has moved in line with the HPI for semi-detached houses in the Amber Valley local authority area.
• The May 2022 sale price of £157,000 represented a fair market value for the property.
• The size, condition, and specification of 8 NEEDHAM STREET has not materially changed since May 2022.

How Large is 8 NEEDHAM STREET?

8 NEEDHAM STREET is 78m², which includes two extensions, according to the EPC inspection conducted in February 2017. This puts it in the smallest 30% of semi-detached houses houses in Ripley, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Ripley, and where 8 NEEDHAM STREET lies on this distribution: 21% of semi-detached houses houses are smaller than 8 NEEDHAM STREET, and 78% of houses are larger. Note that EPC data is not available for all properties in Ripley.

8 NEEDHAM STREET: Plot and Title Map

8 NEEDHAM STREET sits on a plot of roughly 0.041 of an acre, or 165m². The below map shows the location of 8 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 8 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 8 NEEDHAM STREET?

8 NEEDHAM STREET is located in CODNOR, in the DE5 postcode district. The below map shows the position of No. 8 on NEEDHAM STREET.