8, SOVEREIGN WAY, OAKWOOD, DERBY, DE21 2XU - £245,000

8 SOVEREIGN WAY is a midsized detached house of 115m², built sometime between 1996 and 2002. It was last sold for £245,000 in January 2016, which was around 14% above the average January 2016 detached price in the City of Derby local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was C.

8 SOVEREIGN WAY Sold Prices

Land registry data shows three sales for 8 SOVEREIGN WAY 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 8 SOVEREIGN WAY 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
2016 6 JAN	£245,000	£214,101	14% above HPI
2014 4 MAR	£245,000	£194,214	26% above HPI
1997 15 AUG	£89,995	£67,495	33% above HPI

8 SOVEREIGN WAY 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 8 SOVEREIGN WAY sales between August 1997 and January 2016 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 March 2014 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the January 2016 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is 8 SOVEREIGN WAY?

8 SOVEREIGN WAY is 115m² according to the EPC inspection conducted in February 2014. This puts it in the largest 50% of detached houses in Derby, based on EPC data. The below chart shows the distribution of detached houses by size in Derby, and where 8 SOVEREIGN WAY lies on this distribution: 59% of detached houses are smaller than 8 SOVEREIGN WAY, and 40% of houses are larger. Note that EPC data is not available for all properties in Derby.

8 SOVEREIGN WAY: Plot and Title Map

8 SOVEREIGN WAY sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 8 SOVEREIGN WAY, 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 SOVEREIGN WAY). 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 SOVEREIGN WAY?

8 SOVEREIGN WAY is located in OAKWOOD, in the DE21 postcode district. The below map shows the position of No. 8 on SOVEREIGN WAY.