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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 16, Erasmus Drive, Derby is a modern freehold house with 753 ft2 of internal area.
Houses of this size in this area normally have 2 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 16, Erasmus Drive, Derby is £233,572 and the estimated rental value is £873 per month.
Erasmus Drive, Derby, DE1 is located within the DE1 postal district.
16, Erasmus Drive, Derby has a single entry in the Land Registry from November 2022 and a single entry in the EPC database dated September 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high 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 16, Erasmus Drive, Derby is in very good condition we estimate a sale value of £245,250 and a rental value of £917 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £217,222 and a rental value of £812 per month.
Over the last 12 months the sale value of 16 Erasmus Drive Derby has decreased by an estimated £3,440 (1.5%) and its rental value has increased by an estimated £24 per month (2.7%), giving an expected gross yield of 4.5%.
16, Erasmus Drive, Derby has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 29 Sep 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 16, Erasmus Drive, Derby was last sold on 23rd November 2022 for £236,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since November 2022, the market for similar properties has dropped 31.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Erasmus Drive, Derby within a radius of 380 metres over the last 2 years.
The most recent example is 20, Erasmus Drive, Derby, DE1 2DL, a freehold house which sold for £240,000 on the 30th November 2022.
Read more about house prices in DE1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Erasmus Drive, Derby, DE1 has a total of 384 addresses. According to our analysis of all the public data, 16, Erasmus Drive, Derby is the 39th largest and the 33rd most expensive property on the street.
When compared to the postcode district it is £78k more expensive than the average property in DE1.
The closest station to 16, Erasmus Drive, Derby is Derby station which is 500 metres away.
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 16, Erasmus Drive, Derby, 55.7% of property is socially rented and 21.3% 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 16, Erasmus Drive, Derby, 12.4% of residents are recorded as possessing school level qualifications and 27.5% 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 16, Erasmus Drive, Derby, the average age was 32.8 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 16, Erasmus Drive, Derby, 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 16, Erasmus Drive, Derby, 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.
