16, LANEWARD CLOSE, ILKESTON, DE7 8RH - £355,000

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.

16 LANEWARD CLOSE is a large extended detached house of 116m², built sometime between 1991 and 1995, which could now be worth an estimated £364,589. It was last sold for £355,000 in August 2024, which was around 14% above the average August 2024 detached price in the Erewash local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

16 LANEWARD CLOSE Sold Prices

Land registry data shows four sales for 16 LANEWARD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. The four 16 LANEWARD CLOSE sales were a mix of above the average price, and roughly equal to 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
2024 20 AUG	£355,000	£310,613	14% above HPI
2012 4 APR	£172,000	£172,443	Close to HPI
2000 27 JUN	£89,950	£80,460	12% above HPI
1995 9 OCT	£73,900	£63,502	16% above HPI

16 LANEWARD 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 four 16 LANEWARD CLOSE sales between October 1995 and August 2024 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 2012 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the August 2024 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 16 LANEWARD CLOSE be worth now?

16 LANEWARD CLOSE might now be worth an estimated £364,589.

This is based on house price inflation of 2.7%, between August 2024 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 2.7% inflationary increase is applied to the most recent sale price for 16 LANEWARD CLOSE of £355,000 on 20th August 2024. For the value to have increased from £355,000 to £364,589 over the one year and six months to February 2025, the following assumptions must hold true:

• The value of 16 LANEWARD CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The August 2024 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 16 LANEWARD CLOSE has not materially changed since August 2024.

How Large is 16 LANEWARD CLOSE?

16 LANEWARD CLOSE is 116m², which includes two extensions, according to the EPC inspection conducted in September 2023. This puts it in the largest 30% 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 16 LANEWARD CLOSE lies on this distribution: 71% of detached houses houses are smaller than 16 LANEWARD CLOSE, and 28% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

16 LANEWARD CLOSE: Plot and Title Map

16 LANEWARD CLOSE sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 16 LANEWARD 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 16 LANEWARD 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 16 LANEWARD CLOSE?

16 LANEWARD CLOSE is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 16 on LANEWARD CLOSE.