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

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 RIBER CLOSE is a very small detached house of 66m², built sometime between 1967 and 1975, which could now be worth an estimated £221,666. It was last sold for £220,000 in August 2022, which was around 31% 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	£316,605	31% below HPI
2007 21 AUG	£155,000	£196,091	21% 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 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2022 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 1 RIBER CLOSE be worth now?

1 RIBER CLOSE might now be worth an estimated £221,666.

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 RIBER CLOSE of £220,000 on 24th August 2022. For the value to have increased from £220,000 to £221,666 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 1 RIBER CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The August 2022 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 1 RIBER CLOSE has not materially changed since August 2022.

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 houses in West Hallam, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Hallam, and where 1 RIBER CLOSE lies on this distribution: 12% of detached houses 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.