2, COTTAGE CLOSE, ILKESTON, DE7 8TZ - £154,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 COTTAGE CLOSE is a very small detached house of 56m², built sometime between 1983 and 1990. It was last sold for £154,000 in August 2014, which was around 19% below the average August 2014 detached price in the Erewash local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

2 COTTAGE CLOSE Sold Prices

Land registry data shows two sales for 2 COTTAGE 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 2 COTTAGE 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
2014 18 AUG	£154,000	£190,201	19% below HPI
2006 22 MAR	£125,000	£166,672	25% below HPI

2 COTTAGE 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 2 COTTAGE CLOSE sales from March 2006 and August 2014 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 March 2006 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the August 2014 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 2 COTTAGE CLOSE?

2 COTTAGE CLOSE is 56m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 10% of detached houses in Ilkeston, based on EPC data. The below chart shows the distribution of detached houses by size in Ilkeston, and where 2 COTTAGE CLOSE lies on this distribution: 5% of detached houses are smaller than 2 COTTAGE CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

2 COTTAGE CLOSE: Plot and Title Map

2 COTTAGE CLOSE sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 2 COTTAGE 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 2 COTTAGE 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 2 COTTAGE CLOSE?

2 COTTAGE CLOSE is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 2 on COTTAGE CLOSE.