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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, Flat 1, 40, Spa Lane, Derby is a modern Leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 1, 40, Spa Lane, Derby is £67,736 and the estimated rental value is £522 per month.
The apartment is within 40, Spa Lane, Derby, DE1.
Spa Lane, Derby, DE1 is located within the DE1 postal district.
Flat 1, 40, Spa Lane, Derby has a single entry in the Land Registry from September 2008 and a single entry in the EPC database dated November 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 Flat 1, 40, Spa Lane, Derby is in very good condition we estimate a sale value of £71,122 and a rental value of £549 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £62,994 and a rental value of £486 per month.
Over the last 12 months the sale value of Flat 1 40 Spa Lane Derby has decreased by an estimated £1,083 (1.6%) and its rental value has increased by an estimated £15 per month (2.8%), giving an expected gross yield of 9.3%.
Flat 1, 40, Spa Lane, Derby has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 14 Nov 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
According to HM Land Registry, Flat 1, 40, Spa Lane, Derby was last sold on 19th September 2008 for £57,204 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since September 2008, the market for similar properties has risen 10.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 40, Spa Lane, Derby within a radius of 360 metres over the last 2 years.
The most recent example is Flat 14, The Old Vicarage 17, Swinburne Street, Derby, DE1 2HL, a leasehold flat which sold for £58,000 on the 28th March 2024.
Read more about house prices in DE1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spa Lane, Derby, DE1 has a total of 32 addresses. According to our analysis of all the public data, Flat 1, 40, Spa Lane, Derby is the 20th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £88k less expensive than the average property in DE1.
The closest station to Flat 1, 40, Spa Lane, Derby is Derby station which is 1.3 kilometres 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 Flat 1, 40, Spa Lane, Derby, 57.5% of property is socially rented and 29.6% 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 Flat 1, 40, Spa Lane, Derby, 19.3% of residents are recorded as possessing school level qualifications and 21.4% 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 Flat 1, 40, Spa Lane, Derby, the average age was 32.6 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 Flat 1, 40, Spa Lane, 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 Flat 1, 40, Spa Lane, 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.
