11, LACEY CLOSE, ILKESTON, DE7 9LF - £310,000

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.

11 LACEY CLOSE is a midsized extended detached house of 96m², built sometime between 1991 and 1995, which could now be worth an estimated £317,223. It was last sold for £310,000 in June 2022, which was around 1% below the average June 2022 detached price in the Erewash local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

11 LACEY CLOSE Sold Prices

Land registry data shows two sales for 11 LACEY 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. One of the two 11 LACEY CLOSE 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
2022 8 JUN	£310,000	£311,739	1% below HPI
1996 29 MAR	£72,231	£61,874	17% above HPI

11 LACEY 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 11 LACEY CLOSE sales from March 1996 and June 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 1996 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the June 2022 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 11 LACEY CLOSE be worth now?

11 LACEY CLOSE might now be worth an estimated £317,223.

This is based on house price inflation of 2.3%, between June 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 2.3% inflationary increase is applied to the most recent sale price for 11 LACEY CLOSE of £310,000 on 8th June 2022. For the value to have increased from £310,000 to £317,223 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of 11 LACEY CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The June 2022 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 11 LACEY CLOSE has not materially changed since June 2022.

How Large is 11 LACEY CLOSE?

11 LACEY CLOSE is 96m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the largest 50% 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 11 LACEY CLOSE lies on this distribution: 49% of detached houses houses are smaller than 11 LACEY CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

11 LACEY CLOSE: Plot and Title Map

11 LACEY CLOSE sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 11 LACEY 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 11 LACEY 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 11 LACEY CLOSE?

11 LACEY CLOSE is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 11 on LACEY CLOSE.