1, MILL ACRE CLOSE, ILKESTON, DE7 9JQ - £340,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 MILL ACRE CLOSE is a small extended detached house of 82m², built sometime between 1967 and 1975, which could now be worth an estimated £342,575. It was last sold for £340,000 in August 2022, which was around 7% above the average August 2022 detached price in the Erewash local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was B.

1 MILL ACRE CLOSE Sold Prices

Land registry data shows four sales for 1 MILL ACRE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. Two of the four 1 MILL ACRE CLOSE sales were for above the average price, whilst one was 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
2022 15 AUG	£340,000	£316,605	7% above HPI
2008 31 MAR	£192,500	£191,925	Close to HPI
2003 29 AUG	£138,000	£153,993	10% below HPI
1998 6 MAR	£73,685	£66,832	10% above HPI

1 MILL ACRE 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 four 1 MILL ACRE CLOSE sales between March 1998 and August 2022 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 March 2008 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the August 2022 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 1 MILL ACRE CLOSE be worth now?

1 MILL ACRE CLOSE might now be worth an estimated £342,575.

This is based on house price inflation of 0.8%, between August 2022 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 0.8% inflationary increase is applied to the most recent sale price for 1 MILL ACRE CLOSE of £340,000 on 15th August 2022. For the value to have increased from £340,000 to £342,575 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 1 MILL ACRE CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The August 2022 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MILL ACRE CLOSE has not materially changed since August 2022.

How Large is 1 MILL ACRE CLOSE?

1 MILL ACRE CLOSE is 82m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the smallest 30% 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 MILL ACRE CLOSE lies on this distribution: 29% of detached houses houses are smaller than 1 MILL ACRE CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

1 MILL ACRE CLOSE: Plot and Title Map

1 MILL ACRE CLOSE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 1 MILL ACRE 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 MILL ACRE 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 MILL ACRE CLOSE?

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