8, Old Farm Close
8, Old Farm Close
Description & Estimates
8, Old Farm Close, Derby is recorded publicly as a modern freehold house across 1,539 ft2 of internal area, sitting on a 353 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 8, Old Farm Close, Derby is £490,871 and its rental estimate is £1,641 per month, given the available information and assuming reasonable condition.
Old Farm Close, Diseworth, Derby, DE74 falls within the DE74 postal district, in the borough of North West Leicestershire.
Our Data Sources
8, Old Farm Close, Derby has a single entry in the Land Registry from January 2021 and a single entry in the EPC database dated May 2020.
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 8, Old Farm Close, Derby, we estimate a market value of £515,414 and a rental value of £1,723 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £456,510 and £1,526 per month respectively.
Recent Market Change
Over the last year, 8, Old Farm Close, Derby has seen its estimated sale value drop by £7,238 (1.5%) and its estimated rental value rise by £25 per month (1.5%). This results in an estimated gross rental yield of 4.0%.
Plot Size
HM Land Registry records the plot of land for 8, Old Farm Close, Derby as measuring 353 m2.
That makes it the 4th largest plot in the postcode, where all 7 other houses have recorded plot data.
Energy Efficiency
8, Old Farm Close, Derby has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 18 May 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and underfloor heating, mains gas.
Sold Prices
The most recent sale of 8, Old Farm Close, Derby completed on 22nd January 2021 at £423,000 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 risen by 1.8% over the period since January 2021.
- Sold Jan 2021£423,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 8, Old Farm Close, Derby have sold within a radius of 2.9 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 13th May 2024, was 5, Avocet Close, Derby, DE74 2BG, a freehold house which sold for £440,000.
Read more about house prices in DE74.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 7 addresses on Old Farm Close, Diseworth, Derby, DE74, 8, Old Farm Close, Derby comes out as the 3rd largest and the 3rd most expensive in our analysis of the public data.
It is also £173k more expensive than the average property across the DE74 district.
More reading links
Schools Nearby
- 300mDiseworth Church of England Primary School
- 2.8kmSt Edward's Church of England Primary School
- 3.0kmFoxbridge Primary School
- 2.7kmCastle Donington College
- 5.7kmIveshead School
- 7.9kmCharnwood College
More reading links
Public Transport Nearby
From 8, Old Farm Close, Derby, the nearest station is East Midlands Parkway, 7.0 kilometres away.
- 7.0kmEast Midlands Parkway
- 8.2kmLong Eaton
- 10.0kmLoughborough
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
