1, ARELLA FIELDS CLOSE, STANLEY COMMON, ILKESTON, DE7 6PS - £475,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 ARELLA FIELDS CLOSE is a very large detached house of 141m², which could now be worth an estimated £501,470. It was last sold for £475,000 in May 2024, which was around 56% above the average May 2024 detached price in the Erewash local authority area. The most recent EPC inspection was February 2016, where the current energy rating was B, and the potential energy rating was A.

1 ARELLA FIELDS CLOSE Sold Prices

Land registry data shows two sales for 1 ARELLA FIELDS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. Both of the two 1 ARELLA FIELDS CLOSE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2024 10 MAY	£475,000	£305,440	56% above HPI
2016 8 APR	£299,000	£211,282	42% above HPI

1 ARELLA FIELDS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Erewash local authority area over time, sourced from the HPI. The two 1 ARELLA FIELDS CLOSE sales from April 2016 and May 2024 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the April 2016 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the May 2024 sale, where it rises to 56% above the HPI. The line then continues to track at 56% above the HPI.

What might 1 ARELLA FIELDS CLOSE be worth now?

1 ARELLA FIELDS CLOSE might now be worth an estimated £501,470.

This is based on house price inflation of 5.6%, between May 2024 and December 2024, for detached houses, in the Erewash local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.6% inflationary increase is applied to the most recent sale price for 1 ARELLA FIELDS CLOSE of £475,000 on 10th May 2024. For the value to have increased from £475,000 to £501,470 over the five months to December 2024, the following assumptions must hold true:

• The value of 1 ARELLA FIELDS CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The May 2024 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 1 ARELLA FIELDS CLOSE has not materially changed since May 2024.

How Large is 1 ARELLA FIELDS CLOSE?

1 ARELLA FIELDS CLOSE is 141m² according to the EPC inspection conducted in February 2016. This puts it in the largest 20% of detached houses houses in Stanley Common, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stanley Common, and where 1 ARELLA FIELDS CLOSE lies on this distribution: 81% of detached houses houses are smaller than 1 ARELLA FIELDS CLOSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Stanley Common.

1 ARELLA FIELDS CLOSE: Plot and Title Map

1 ARELLA FIELDS CLOSE sits on a plot of roughly 0.107 of an acre, or 431m². The below map shows the location of 1 ARELLA FIELDS CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 ARELLA FIELDS CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 ARELLA FIELDS CLOSE?

1 ARELLA FIELDS CLOSE is located in STANLEY COMMON, in the DE7 postcode district. The below map shows the position of No. 1 on ARELLA FIELDS CLOSE.