£291,622
This estimated value is based upon the latest sale price for the house of £185,000 on 31 Jul 2007. This value is then adjusted by the current Official House Price Index for CITY OF DERBY 1
There has been one burglary within the last year on or near Lake Drive
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| Price Paid | Date |
|---|---|
| £185,000 | 31 Jul 2007 |
| £45,500 | 27 Mar 1995 |
| Detached |
| Freehold |
| Floor Area: 152 sq meters or 1,639 sq feet |
This model uses changes in the Official Land Registry House Price Index for CITY OF DERBY to estimate the market value.
When this house was purchased in July 2007 the House Price Index for CITY OF DERBY was 94.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 57.634%.Applying this 57.634% change to the original purchase price of £185,000 results in an estimated price of approximately £291,622.
| 31 Jul 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.3 | 148.6 | 57.634 % | £185,000 | £106,622 | £291,622 |
The Postcode Pricing Model uses changes in average sales price within the DE23 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | -15.890 % | £-29,397 | £155,602 |
| 3 Month Average | 9.715 % | £17,973 | £202,973 |
| 6 Month Average | 38.736 % | £71,661 | £256,661 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Sep 2023 | £106,360 | £105,000 | 5 LAUREL BANK |
| 18 Aug 2023 | £98,865 | £98,000 | 161 RANDOLPH ROAD |
| 27 Jun 2023 | £227,759 | £225,000 | 68 DERBY LANE |
| 24 Mar 2023 | £181,712 | £180,000 | 11 BROWNING STREET |
| 30 Sep 2022 | £228,158 | £230,000 | 8 NEWLYN DRIVE |
This house has a floor area of 152 sq meters or 1,639 sq feet when measured on 2 Oct 2009. Using an estimated price of £291,623 means this house is valued at £1,914 per sq meter (£177 per sq foot).
The average size of a house on VILLAGE STREET is 114 sq meters (1,227 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Lake Drive |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Lake Drive |
| Mar 2024 | Vehicle crime | Under investigation | On or near Village Street |
| Jan 2024 | Public order | Under investigation | On or near Village Street |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Village Street |