156, HALLAM WAY, WEST HALLAM, ILKESTON, DE7 6LE - £172,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

156 HALLAM WAY is a very small detached house of 72m², built sometime between 1967 and 1975, which could now be worth an estimated £256,011. It was last sold for £172,500 in July 2016, which was around 20% below the average July 2016 detached price in the Erewash local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

156 HALLAM WAY Sold Prices

Land registry data shows two sales for 156 HALLAM WAY 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 156 HALLAM WAY 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
2016 29 JUL	£172,500	£214,944	20% below HPI
2016 15 JUL	£167,000	£214,944	22% below HPI

156 HALLAM WAY 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 156 HALLAM WAY sales from July 2016 and July 2016 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 July 2016 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the July 2016 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 156 HALLAM WAY be worth now?

156 HALLAM WAY might now be worth an estimated £256,011.

This is based on house price inflation of 48.4%, between July 2016 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 48.4% inflationary increase is applied to the most recent sale price for 156 HALLAM WAY of £172,500 on 29th July 2016. For the value to have increased from £172,500 to £256,011 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of 156 HALLAM WAY has moved in line with the HPI for detached houses in the Erewash local authority area.
• The July 2016 sale price of £172,500 represented a fair market value for the property.
• The size, condition, and specification of 156 HALLAM WAY has not materially changed since July 2016.

How Large is 156 HALLAM WAY?

156 HALLAM WAY is 72m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 20% of detached houses houses in West Hallam, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Hallam, and where 156 HALLAM WAY lies on this distribution: 19% of detached houses houses are smaller than 156 HALLAM WAY, and 80% of houses are larger. Note that EPC data is not available for all properties in West Hallam.

156 HALLAM WAY: Plot and Title Map

156 HALLAM WAY sits on a plot of roughly 0.051 of an acre, or 207m². The below map shows the location of 156 HALLAM WAY, 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 156 HALLAM WAY). 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 156 HALLAM WAY?

156 HALLAM WAY is located in WEST HALLAM, in the DE7 postcode district. The below map shows the position of No. 156 on HALLAM WAY.