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By comparing it to neighbours, we estimate that it is a modern house with 474 ft2 of internal area and sits on a 344 m2 plot and a garden.
Houses of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 116, Cole Lane, Derby is £256,871 and the estimated rental value is £1,025 per month.
Cole Lane, Borrowash, Derby, DE72 is located in the borough of Erewash within the DE72 postal district.
116, Cole Lane, Derby has a single entry in the Land Registry from April 2018 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 116, Cole Lane, Derby is in very good condition we estimate a sale value of £269,714 and a rental value of £1,076 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £238,890 and a rental value of £953 per month.
Over the last 12 months the sale value of 116 Cole Lane Derby has decreased by an estimated £1,633 (0.6%) and its rental value has increased by an estimated £32 per month (3.1%), giving an expected gross yield of 4.8%.
According to data from HM Land Registry, 116, Cole Lane, Derby sits on a plot of 344m2.
We have plot size data on 23 out of 33 other houses in the postcode and 116, Cole Lane, Derby sits on the 19th largest plot.
According to HM Land Registry, 116, Cole Lane, Derby was last sold on 27th April 2018 for £118,250 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since April 2018, the market for similar properties has risen 18.3%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 116, Cole Lane, Derby within a radius of 910 metres over the last 2 years.
The most recent example is 63, Church Street, Derby, DE72 3SL, a freehold house which sold for £156,000 on the 11th February 2022.
Read more about house prices in DE72.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cole Lane, Borrowash, Derby, DE72 has a total of 76 addresses. According to our analysis of all the public data, 116, Cole Lane, Derby is the 76th largest and the 63rd most expensive property on the street.
When compared to the postcode district it is £39k more expensive than the average property in DE72.
The closest station to 116, Cole Lane, Derby is Spondon station which is 2.9 kilometres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around 116, Cole Lane, Derby, 44.9% of property is privately owned outright and 27.2% is privately owned with a mortgage.
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 116, Cole Lane, Derby, 20.8% of residents are recorded as possessing school level qualifications and 37.4% 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 116, Cole Lane, Derby, the average age was 45 and the most common age was 57.
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 116, Cole Lane, Derby, 0.6% 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 116, Cole Lane, Derby, there are an average of 1.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.