Penn Gate, Derby
Penn Gate, Derby
Description & Estimates
Penn Gate, Derby is recorded publicly as a mid-century freehold house across 1,280 ft2 of internal area, sitting on a 707 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of Penn Gate, Derby is £499,926 and its rental estimate is £1,730 per month, given the available information and assuming reasonable condition.
Salisbury Lane, Melbourne, Derby, DE73 falls within the DE73 postal district, in the borough of South Derbyshire.
Our Data Sources
Penn Gate, Derby has a single entry in the Land Registry from November 2020 and a single entry in the EPC database dated August 2019.
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.
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 Penn Gate, Derby, we estimate a market value of £524,922 and a rental value of £1,816 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £464,931 and £1,609 per month respectively.
Recent Market Change
Over the last year, Penn Gate, Derby has seen its estimated sale value decrease by £7,371 (1.5%) and its estimated rental value grow by £27 per month (1.5%). This results in an estimated gross rental yield of 4.2%.
Plot Size
HM Land Registry records the plot of land for Penn Gate, Derby as measuring 707 m2.
Energy Efficiency
Penn Gate, Derby has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 15 Aug 2019.
The property is not connected to mains gas and has partial double glazing. It is heated using Electric storage heaters.
Sold Prices
The most recent sale of Penn Gate, Derby completed on 16th November 2020 at £397,500 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 2.8% over the period since November 2020.
- Sold Nov 2020£397,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Penn Gate, Derby have sold within a radius of 820 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 29th November 2024, was 1, Ashby Road, Derby, DE73 8ES, a freehold house which sold for £387,000.
Read more about house prices in DE73.
- Sold Nov 2024£387,000 | 4 Bed House1, Ashby Road, Derby, DE73 8ES1, Ashby Road, Derby, DE73 8ES
- Sold May 2024£261,771 | 4 Bed House22, Market Place, Derby, DE73 8DS22, Market Place, Derby, DE73 8DS
- Sold Jul 2018£455,000 | 4 Bed HouseCroft House, Salisbury Lane, Derby, DE73 8ERCroft House, Salisbury Lane, Derby, DE73 8ER
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 2 addresses on Salisbury Lane, Melbourne, Derby, DE73, Penn Gate, Derby comes out as the largest and the most expensive in our analysis of the public data.
It is also £182k more expensive than the average property across the DE73 district.
More reading links
Schools Nearby
- 600mMelbourne Junior School
- 700mMelbourne Infant School
- 2.8kmSt Hardulph's Church of England Primary School
- 5.0kmChellaston Academy
- 6.4kmCastle Donington College
- 6.8kmNoel-Baker Academy
More reading links
Public Transport Nearby
From Penn Gate, Derby, the nearest station is Peartree, 9.0 kilometres away.
- 9.0kmPeartree
- 9.8kmWillington
- 10.1kmSpondon
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
