1, CHARLES CLOSE, ILKESTON, DE7 5AF - £175,000

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 CHARLES CLOSE is a very small detached house of 55m², built sometime between 1976 and 1982, which could now be worth an estimated £224,927. It was last sold for £175,000 in November 2018, which was around 29% below the average November 2018 detached price in the Erewash local authority area. The most recent EPC inspection was August 2018, where the current energy rating was C, and the potential energy rating was B.

1 CHARLES CLOSE Sold Prices

Land registry data shows two sales for 1 CHARLES 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 CHARLES CLOSE sales were for below 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
2018 23 NOV	£175,000	£248,194	29% below HPI
1999 27 OCT	£64,950	£76,503	15% below HPI

1 CHARLES 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 CHARLES CLOSE sales from October 1999 and November 2018 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 October 1999 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the November 2018 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 1 CHARLES CLOSE be worth now?

1 CHARLES CLOSE might now be worth an estimated £224,927.

This is based on house price inflation of 28.5%, between November 2018 and February 2025, 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 28.5% inflationary increase is applied to the most recent sale price for 1 CHARLES CLOSE of £175,000 on 23rd November 2018. For the value to have increased from £175,000 to £224,927 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 CHARLES CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The November 2018 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 1 CHARLES CLOSE has not materially changed since November 2018.

How Large is 1 CHARLES CLOSE?

1 CHARLES CLOSE is 55m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 10% of detached houses houses in Ilkeston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ilkeston, and where 1 CHARLES CLOSE lies on this distribution: 4% of detached houses houses are smaller than 1 CHARLES CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

1 CHARLES CLOSE: Plot and Title Map

1 CHARLES CLOSE sits on a plot of roughly 0.167 of an acre, or 676m². The below map shows the location of 1 CHARLES 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 CHARLES 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 CHARLES CLOSE?

1 CHARLES CLOSE is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 1 on CHARLES CLOSE.