61, PANAMA CIRCLE, DERBY, DE24 1AE - £117,750

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.

61 PANAMA CIRCLE is a small flat of 48m², built sometime between 2007 and 2011, which could now be worth an estimated £114,629. It was last sold for £117,750 in September 2023, which was around 7% above the average September 2023 flat price in the City of Derby local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

61 PANAMA CIRCLE Sold Prices

Land registry data shows three sales for 61 PANAMA CIRCLE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the City of Derby local authority area for the corresponding sale date. Two of the three 61 PANAMA CIRCLE sales were for above the average price, whilst one was 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
2023 25 SEP	£117,750	£110,037	7% above HPI
2010 9 APR	£97,000	£72,655	34% above HPI
2009 16 DEC	£70,000	£75,928	8% below HPI

What might 61 PANAMA CIRCLE be worth now?

61 PANAMA CIRCLE might now be worth an estimated £114,629.

This is based on house price deflation of 2.7%, between September 2023 and May 2026, for flats, 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 2.7% deflationary decrease is applied to the most recent sale price for 61 PANAMA CIRCLE of £117,750 on 25th September 2023. For the value to have decreased from £117,750 to £114,629 over the three years and four months to May 2026, the following assumptions must hold true:

• The value of 61 PANAMA CIRCLE has moved in line with the HPI for flats in the City of Derby local authority area.
• The September 2023 sale price of £117,750 represented a fair market value for the property.
• The size, condition, and specification of 61 PANAMA CIRCLE has not materially changed since September 2023.

How Large is 61 PANAMA CIRCLE?

61 PANAMA CIRCLE is 48m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 30% of flats in Derby, based on EPC data. 26% of flats are smaller than 61 PANAMA CIRCLE, and 72% of flats are larger. Note that EPC data is not available for all properties in Derby.

61 PANAMA CIRCLE: Plot

61 PANAMA CIRCLE sits on a plot of roughly 0.393 of an acre, or 1,590m².

Where is 61 PANAMA CIRCLE?

61 PANAMA CIRCLE is located in DERBY, in the DE24 postcode district.