1, OAKWELL DRIVE, ILKESTON, DE7 5GL - £250,000

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 OAKWELL DRIVE is a very large detached house of 138m², built sometime between 1930 and 1949, which could now be worth an estimated £458,280. It was last sold for £250,000 in November 2009, which was around 44% above the average November 2009 detached price in the Erewash local authority area. The most recent EPC inspection was August 2009, where the current energy rating was E, and the potential energy rating was C.

1 OAKWELL DRIVE Sold Prices

Land registry data shows two sales for 1 OAKWELL DRIVE 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 OAKWELL DRIVE 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
2009 20 NOV	£250,000	£174,022	44% above HPI
1995 21 JUL	£79,000	£61,544	28% above HPI

1 OAKWELL DRIVE 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 OAKWELL DRIVE sales from July 1995 and November 2009 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 July 1995 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the November 2009 sale, where it rises to 44% above the HPI. The line then continues to track at 44% above the HPI.

What might 1 OAKWELL DRIVE be worth now?

1 OAKWELL DRIVE might now be worth an estimated £458,280.

This is based on house price inflation of 83.3%, between November 2009 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 83.3% inflationary increase is applied to the most recent sale price for 1 OAKWELL DRIVE of £250,000 on 20th November 2009. For the value to have increased from £250,000 to £458,280 over the sixteen years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 OAKWELL DRIVE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The November 2009 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 1 OAKWELL DRIVE has not materially changed since November 2009.

How Large is 1 OAKWELL DRIVE?

1 OAKWELL DRIVE is 138m² according to the EPC inspection conducted in August 2009. This puts it in the largest 20% 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 OAKWELL DRIVE lies on this distribution: 87% of detached houses houses are smaller than 1 OAKWELL DRIVE, and 13% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

1 OAKWELL DRIVE: Plot and Title Map

1 OAKWELL DRIVE sits on a plot of roughly 0.169 of an acre, or 685m². The below map shows the location of 1 OAKWELL DRIVE, 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 OAKWELL DRIVE). 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 OAKWELL DRIVE?

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