17, RICHMOND CLOSE, WEST HALLAM, ILKESTON, DE7 6NA - £267,500

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.

17 RICHMOND CLOSE is a midsized detached house of 95m², built sometime between 1976 and 1982, which could now be worth an estimated £306,374. It was last sold for £267,500 in August 2021, which was around 4% below the average August 2021 detached price in the Erewash local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

17 RICHMOND CLOSE Sold Prices

Land registry data shows two sales for 17 RICHMOND 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 17 RICHMOND 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
2021 27 AUG	£267,500	£278,527	4% below HPI
2000 1 NOV	£75,950	£83,616	9% below HPI

17 RICHMOND 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 17 RICHMOND CLOSE sales from November 2000 and August 2021 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 November 2000 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the August 2021 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 17 RICHMOND CLOSE be worth now?

17 RICHMOND CLOSE might now be worth an estimated £306,374.

This is based on house price inflation of 14.5%, between August 2021 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 14.5% inflationary increase is applied to the most recent sale price for 17 RICHMOND CLOSE of £267,500 on 27th August 2021. For the value to have increased from £267,500 to £306,374 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 17 RICHMOND CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The August 2021 sale price of £267,500 represented a fair market value for the property.
• The size, condition, and specification of 17 RICHMOND CLOSE has not materially changed since August 2021.

How Large is 17 RICHMOND CLOSE?

17 RICHMOND CLOSE is 95m² according to the EPC inspection conducted in July 2019. This puts it in the smallest 50% 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 17 RICHMOND CLOSE lies on this distribution: 45% of detached houses houses are smaller than 17 RICHMOND CLOSE, and 54% of houses are larger. Note that EPC data is not available for all properties in West Hallam.

17 RICHMOND CLOSE: Plot and Title Map

17 RICHMOND CLOSE sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of 17 RICHMOND 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 17 RICHMOND 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 17 RICHMOND CLOSE?

17 RICHMOND CLOSE is located in WEST HALLAM, in the DE7 postcode district. The below map shows the position of No. 17 on RICHMOND CLOSE.