12, MILLBANK CLOSE, ILKESTON, DE7 9HY - £250,000

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

12 MILLBANK CLOSE is a large detached house of 111m², built sometime between 1976 and 1982. It was last sold for £250,000 in September 2020, which was about the average September 2020 detached price in the Erewash local authority area. The most recent EPC inspection was July 2024, where the current energy rating was C, and the potential energy rating was B.

12 MILLBANK CLOSE Sold Prices

Land registry data shows two sales for 12 MILLBANK 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 MILLBANK CLOSE sales was roughly equal to 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 4 SEP	£250,000	£250,162	Close to HPI
1998 11 SEP	£78,000	£67,193	16% above HPI

12 MILLBANK 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 MILLBANK CLOSE sales from September 1998 and September 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 September 1998 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the September 2020 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 12 MILLBANK CLOSE?

12 MILLBANK CLOSE is 111m² according to the EPC inspection conducted in July 2024. This puts it in the largest 40% of detached houses in Ilkeston, based on EPC data. The below chart shows the distribution of detached houses by size in Ilkeston, and where 12 MILLBANK CLOSE lies on this distribution: 66% of detached houses are smaller than 12 MILLBANK CLOSE, and 33% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

12 MILLBANK CLOSE: Plot and Title Map

12 MILLBANK CLOSE sits on a plot of roughly 0.127 of an acre, or 516m². The below map shows the location of 12 MILLBANK 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 MILLBANK 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 MILLBANK CLOSE?

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