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

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

16 LANEWARD CLOSE is a large extended detached house of 116m², built sometime between 1991 and 1995. It was last sold for £355,000 in August 2024, which was around 17% 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. All of the four 16 LANEWARD CLOSE sales were 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
2024 20 AUG	£355,000	£303,968	17% above HPI
2012 4 APR	£172,000	£167,263	3% above HPI
2000 27 JUN	£89,950	£78,043	15% above HPI
1995 9 OCT	£73,900	£61,595	20% 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 was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the August 2024 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

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 in Ilkeston, based on EPC data. The below chart shows the distribution of detached houses by size in Ilkeston, and where 16 LANEWARD CLOSE lies on this distribution: 71% of detached 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.