12, FARM CLOSE, ILKESTON, DE7 5ET - £247,500

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.

12 FARM CLOSE is a large detached house of 111m², which could now be worth an estimated £407,722. It was last sold for £247,500 in July 2014, which was around 28% above the average July 2014 detached price in the Erewash local authority area. The most recent EPC inspection was March 2010, where the current energy rating was C, and the potential energy rating was B.

12 FARM CLOSE Sold Prices

Land registry data shows two sales for 12 FARM 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 12 FARM CLOSE sales was for above the average price, whilst the other was 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
2014 30 JUL	£247,500	£193,645	28% above HPI
2006 10 APR	£120,000	£175,649	32% below HPI

12 FARM 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 12 FARM CLOSE sales from April 2006 and July 2014 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 April 2006 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the July 2014 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 12 FARM CLOSE be worth now?

12 FARM CLOSE might now be worth an estimated £407,722.

This is based on house price inflation of 64.7%, between July 2014 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 64.7% inflationary increase is applied to the most recent sale price for 12 FARM CLOSE of £247,500 on 30th July 2014. For the value to have increased from £247,500 to £407,722 over the eleven years and five months to February 2025, the following assumptions must hold true:

• The value of 12 FARM CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The July 2014 sale price of £247,500 represented a fair market value for the property.
• The size, condition, and specification of 12 FARM CLOSE has not materially changed since July 2014.

How Large is 12 FARM CLOSE?

12 FARM CLOSE is 111m² according to the EPC inspection conducted in March 2010. This puts it in the largest 40% 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 12 FARM CLOSE lies on this distribution: 67% of detached houses houses are smaller than 12 FARM CLOSE, and 33% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

12 FARM CLOSE: Plot and Title Map

12 FARM CLOSE sits on a plot of roughly 0.113 of an acre, or 459m². The below map shows the location of 12 FARM 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 12 FARM 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 12 FARM CLOSE?

12 FARM CLOSE is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 12 on FARM CLOSE.