3, Grove Bank
3, Grove Bank
Description & Estimates
3, Grove Bank, Derby is recorded publicly as a period freehold house across 1,840 ft2 of internal area, sitting on a 216 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 3, Grove Bank, Derby is £288,562 and its rental estimate is £1,245 per month, given the available information and assuming reasonable condition.
Grove Bank, Derby, DE1 falls within the DE1 postal district.
Our Data Sources
3, Grove Bank, Derby has 31 entries in the Land Registry , most recently in August 2018 and a single entry in the EPC database dated October 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 3, Grove Bank, Derby, we estimate a market value of £302,990 and a rental value of £1,307 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £268,363 and £1,157 per month respectively.
Recent Market Change
Over the last year, 3, Grove Bank, Derby has seen its estimated sale value decline by £3,337 (1.2%) and its estimated rental value climb by £16 per month (1.3%). This results in an estimated gross rental yield of 5.2%.
Plot Size
HM Land Registry records the plot of land for 3, Grove Bank, Derby as measuring 216 m2.
That makes it the 3rd largest plot in the postcode, where 3 of the 4 other houses have recorded plot data.
Energy Efficiency
3, Grove Bank, Derby has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 06 Oct 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 3, Grove Bank, Derby completed on 29th August 2018 at £247,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 3 times.
Values of comparable properties have dropped by 11.9% over the period since August 2018.
- Sold Aug 2018£247,000
- Sold Jun 2005£173,500
- Sold Dec 2004£31,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 3, Grove Bank, Derby have sold within a radius of 370 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 17th December 2024, was 23, North Street, Derby, DE1 3AZ, a freehold house which sold for £332,000.
Read more about house prices in DE1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 4 addresses on Grove Bank, Derby, DE1, 3, Grove Bank, Derby comes out as the largest and the most expensive in our analysis of the public data.
It is also £133k more expensive than the average property across the DE1 district.
More reading links
Schools Nearby
- 800mMarkeaton Primary School
- 900mAshgate Primary School
- 1.1kmSt Mary's Catholic Voluntary Academy
- 700mLandau Forte College
- 1.1kmDerby Cathedral School
- 1.5kmSaint Benedict, A Catholic Voluntary Academy
More reading links
Public Transport Nearby
From 3, Grove Bank, Derby, the nearest station is Derby, 2.0 kilometres away.
- 2.0kmDerby
- 3.6kmPeartree
- 5.2kmSpondon
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
