14, FARM CLOSE, ILKESTON, DE7 5ET - £106,000

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.

14 FARM CLOSE is a very small detached house of 69m², built sometime between 1967 and 1975, which could now be worth an estimated £194,478. It was last sold for £106,000 in January 2012, which was around 39% below the average January 2012 detached price in the Erewash local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was D.

14 FARM CLOSE Sold Prices

Land registry data shows two sales for 14 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. Both of the two 14 FARM 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
2012 27 JAN	£106,000	£173,872	39% below HPI
1995 21 APR	£59,000	£62,505	6% below HPI

14 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 14 FARM CLOSE sales from April 1995 and January 2012 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 1995 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the January 2012 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 14 FARM CLOSE be worth now?

14 FARM CLOSE might now be worth an estimated £194,478.

This is based on house price inflation of 83.5%, between January 2012 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 83.5% inflationary increase is applied to the most recent sale price for 14 FARM CLOSE of £106,000 on 27th January 2012. For the value to have increased from £106,000 to £194,478 over the twelve years and eleven months to February 2025, the following assumptions must hold true:

• The value of 14 FARM CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The January 2012 sale price of £106,000 represented a fair market value for the property.
• The size, condition, and specification of 14 FARM CLOSE has not materially changed since January 2012.

How Large is 14 FARM CLOSE?

14 FARM CLOSE is 69m² according to the EPC inspection conducted in March 2011. This puts it in the smallest 20% 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 14 FARM CLOSE lies on this distribution: 16% of detached houses houses are smaller than 14 FARM CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

14 FARM CLOSE: Plot and Title Map

14 FARM CLOSE sits on a plot of roughly 0.128 of an acre, or 520m². The below map shows the location of 14 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 14 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 14 FARM CLOSE?

14 FARM CLOSE is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 14 on FARM CLOSE.