1, RIBER CLOSE, WEST HALLAM, ILKESTON, DE7 6JG - £220,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 RIBER CLOSE is a very small detached house of 66m², built sometime between 1967 and 1975. It was last sold for £220,000 in August 2022, which was around 28% below 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 RIBER CLOSE Sold Prices

Land registry data shows two sales for 1 RIBER 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 RIBER 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
2022 24 AUG	£220,000	£307,097	28% below HPI
2007 21 AUG	£155,000	£190,202	19% below HPI

1 RIBER 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 RIBER CLOSE sales from August 2007 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 August 2007 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the August 2022 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 1 RIBER CLOSE?

1 RIBER CLOSE is 66m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 20% of detached houses in West Hallam, based on EPC data. The below chart shows the distribution of detached houses by size in West Hallam, and where 1 RIBER CLOSE lies on this distribution: 12% of detached houses are smaller than 1 RIBER CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in West Hallam.

1 RIBER CLOSE: Plot and Title Map

1 RIBER CLOSE sits on a plot of roughly 0.101 of an acre, or 409m². The below map shows the location of 1 RIBER 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 RIBER 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 RIBER CLOSE?

1 RIBER CLOSE is located in WEST HALLAM, in the DE7 postcode district. The below map shows the position of No. 1 on RIBER CLOSE.