7, Merlin Lane
7, Merlin Lane
Description & Estimates
7, Merlin Lane, Derby is recorded publicly as a modern freehold house across 957 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 7, Merlin Lane, Derby is £319,300 and its rental estimate is £1,241 per month, given the available information and assuming reasonable condition.
Merlin Lane, Hilton, Derby, DE65 falls within the DE65 postal district, in the borough of South Derbyshire.
Our Data Sources
7, Merlin Lane, Derby has a single entry in the Land Registry from December 2023 and a single entry in the EPC database dated November 2023.
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.
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 7, Merlin Lane, Derby, we estimate a market value of £335,265 and a rental value of £1,304 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £296,949 and £1,155 per month respectively.
Recent Market Change
Over the last year, 7, Merlin Lane, Derby has seen its estimated sale value rise by £2,013 (0.6%) and its estimated rental value move up by £33 per month (2.6%). This results in an estimated gross rental yield of 4.7%.
Energy Efficiency
7, Merlin Lane, Derby has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 09 Nov 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 7, Merlin Lane, Derby completed on 15th December 2023 at £329,750 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 3.6% over the period since December 2023.
- Sold Dec 2023£329,750
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 7, Merlin Lane, Derby have sold within a radius of 1.1 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 23rd August 2024, was 3, Merlin Lane, Derby, DE65 5SJ, a freehold house which sold for £271,750.
Read more about house prices in DE65.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 18 addresses on Merlin Lane, Hilton, Derby, DE65, 7, Merlin Lane, Derby comes out as the 6th largest and the 5th most expensive in our analysis of the public data.
It is also £58k more expensive than the average property across the DE65 district.
More reading links
Schools Nearby
- 700mHilton Spencer Academy
- 1.3kmThe Mease Spencer Academy
- 1.6kmEtwall Primary School
- 1.6kmJohn Port Spencer Academy
- 5.3kmThe de Ferrers Academy
- 7.2kmLittleover Community School
More reading links
Public Transport Nearby
From 7, Merlin Lane, Derby, the nearest station is Tutbury & Hatton, 4.0 kilometres away.
- 4.0kmTutbury & Hatton
- 4.9kmWillington
- 7.9kmBurton-on-Trent
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
