1, MARGARET AVENUE, ILKESTON, DE7 5DD - £247,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 MARGARET AVENUE is a small extended detached house of 88m², built sometime between 1900 and 1929. It was last sold for £247,000 in February 2021, which was around 6% below the average February 2021 detached price in the Erewash local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

1 MARGARET AVENUE Sold Prices

Land registry data shows three sales for 1 MARGARET AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. All of the three 1 MARGARET AVENUE 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
2021 26 FEB	£247,000	£264,152	6% below HPI
2004 22 OCT	£128,000	£173,517	26% below HPI
1997 12 SEP	£48,000	£67,291	29% below HPI

1 MARGARET AVENUE 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 three 1 MARGARET AVENUE sales between September 1997 and February 2021 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 2004 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the February 2021 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 1 MARGARET AVENUE?

1 MARGARET AVENUE is 88m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the smallest 40% of detached houses in Ilkeston, based on EPC data. The below chart shows the distribution of detached houses by size in Ilkeston, and where 1 MARGARET AVENUE lies on this distribution: 36% of detached houses are smaller than 1 MARGARET AVENUE, and 63% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

1 MARGARET AVENUE: Plot and Title Map

1 MARGARET AVENUE sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 1 MARGARET AVENUE, 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 MARGARET AVENUE). 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 MARGARET AVENUE?

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