Be the first Estate
Agent here!
40 Spa Lane is a residential building situated on Spa Lane, Derby, DE1 with 7 addresses.
It ranks as the 531st largest and 40th most expensive of the 694 buildings in the DE1 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 7 properties: 7 flats.
40 Spa Lane is a residential building situated on Spa Lane, Derby, DE1 with 7 addresses.
It ranks as the 531st largest and 40th most expensive of the 694 buildings in the DE1 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 7 properties: 7 flats.
Sale prices range from £47,079 for 1 bedroom Leasehold flats (226 ft2) to £71,708 for 2 bedroom Leasehold flats (592 ft2) .
Monthly rental prices range from £362 pcm for 1 bed flats to £547 pcm for 2 bed flats.
The gross rental yield is between 9.2% and 9.4%.
The average value per square foot is £136.
The last sale in 40 Spa Lane sold for £57,204 on 19th September 2008. Since then prices are up an average of 11.0%.
The current average value in the building is £63,729.
The 40 Spa Lane Sales Market has increased by 13.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.1% | £63,729 |
| April 2025 | 1.2% | £64,421 |
| April 2024 | 0.6% | £63,663 |
| April 2023 | 3.3% | £63,262 |
| April 2022 | 8.4% | £61,265 |
| April 2021 | -0.9% | £56,495 |
| April 2020 | 0% | £56,997 |
| April 2019 | 1.9% | £56,979 |
| April 2018 | 1.3% | £55,933 |
| April 2017 | -1.4% | £55,241 |
| April 2016 | 1.6% | £56,020 |
| April 2015 | 2.9% | £55,117 |
| April 2014 | 3.3% | £53,571 |
| April 2013 | 0.6% | £51,866 |
| April 2012 | 1.1% | £51,549 |
| April 2011 | -3.9% | £50,996 |
| April 2010 | -2.8% | £53,071 |
| April 2009 | -9.6% | £54,597 |
| April 2008 | -4.8% | £60,374 |
| April 2007 | 0% | £63,428 |
The current average rental value in the building is £492.
The 40 Spa Lane Rental Market has increased by 39.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.7% | £492pcm |
| April 2025 | 2.1% | £479pcm |
| April 2024 | 7.9% | £469pcm |
| April 2023 | 10.9% | £435pcm |
| April 2022 | 5.3% | £392pcm |
| April 2021 | 3.2% | £372pcm |
| April 2020 | 2.9% | £361pcm |
| April 2019 | 1% | £351pcm |
| April 2018 | -1.6% | £347pcm |
| April 2017 | -0.4% | £353pcm |
| April 2016 | 1.8% | £354pcm |
| April 2015 | 1.8% | £348pcm |
| April 2014 | 0.5% | £342pcm |
| April 2013 | -0.7% | £340pcm |
| April 2012 | 2.9% | £343pcm |
| April 2011 | -2.2% | £333pcm |
| April 2010 | -0.3% | £341pcm |
| April 2009 | -8.5% | £342pcm |
| April 2008 | 2.2% | £373pcm |
| April 2007 | 0% | £365pcm |
The last sale was on 19th September 2008 for £57,204 and since then the market in the area has increased by 11.0%. The building has had a total of 1 sales since 1995.
40, Spa Lane, Derby, DE1 1QB has seen no sales in the last three years and no sales in the last twelve months.
The closest station to 40, Spa Lane, Derby, DE1 1QB is Derby station which is 1.3 kilometres away.
Be the first Estate
Agent here!
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 40, Spa Lane, Derby, DE1 1QB, 57.5% of property is socially rented and 29.6% is privately rented.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 40, Spa Lane, Derby, DE1 1QB, 19.3% of residents are recorded as possessing school level qualifications and 21.4% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 40, Spa Lane, Derby, DE1 1QB, the average age was 32.6 and the most common age was 27.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 40, Spa Lane, Derby, DE1 1QB, 0.0% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 40, Spa Lane, Derby, DE1 1QB, there are an average of 0.4 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.