1, WATSON ROAD, ILKESTON, DE7 9LA - £240,000

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 WATSON ROAD is a small detached house of 76m², built sometime between 1991 and 1995, which could now be worth an estimated £288,722. It was last sold for £240,000 in November 2020, which was around 9% below the average November 2020 detached price in the Erewash local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

1 WATSON ROAD Sold Prices

Land registry data shows two sales for 1 WATSON ROAD 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. One of the two 1 WATSON ROAD sales was for below the average price, whilst the other was 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
2020 20 NOV	£240,000	£265,171	9% below HPI
1999 27 FEB	£74,950	£70,378	6% above HPI

1 WATSON ROAD 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 WATSON ROAD sales from February 1999 and November 2020 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 February 1999 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the November 2020 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 1 WATSON ROAD be worth now?

1 WATSON ROAD might now be worth an estimated £288,722.

This is based on house price inflation of 20.3%, between November 2020 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 20.3% inflationary increase is applied to the most recent sale price for 1 WATSON ROAD of £240,000 on 20th November 2020. For the value to have increased from £240,000 to £288,722 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 WATSON ROAD has moved in line with the HPI for detached houses in the Erewash local authority area.
• The November 2020 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 1 WATSON ROAD has not materially changed since November 2020.

How Large is 1 WATSON ROAD?

1 WATSON ROAD is 76m² according to the EPC inspection conducted in August 2020. 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 WATSON ROAD lies on this distribution: 24% of detached houses houses are smaller than 1 WATSON ROAD, and 75% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

1 WATSON ROAD: Plot and Title Map

1 WATSON ROAD sits on a plot of roughly 0.056 of an acre, or 227m². The below map shows the location of 1 WATSON ROAD, 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 WATSON ROAD). 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 WATSON ROAD?

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