2, FARFIELD ROAD, ILKESTON, DE7 5LT - £135,000

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.

2 FARFIELD ROAD is a small extended detached house of 74m², built sometime between 1950 and 1966, which could now be worth an estimated £200,356. It was last sold for £135,000 in July 2016, which was around 37% below the average July 2016 detached price in the Erewash local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was C.

2 FARFIELD ROAD Sold Prices

Land registry data shows two sales for 2 FARFIELD ROAD 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 FARFIELD ROAD 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 15 JUL	£135,000	£214,944	37% below HPI
2013 8 OCT	£101,000	£178,414	43% below HPI

2 FARFIELD ROAD 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 FARFIELD ROAD sales from October 2013 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 October 2013 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the July 2016 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 2 FARFIELD ROAD be worth now?

2 FARFIELD ROAD might now be worth an estimated £200,356.

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 2 FARFIELD ROAD of £135,000 on 15th July 2016. For the value to have increased from £135,000 to £200,356 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of 2 FARFIELD ROAD has moved in line with the HPI for detached houses in the Erewash local authority area.
• The July 2016 sale price of £135,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FARFIELD ROAD has not materially changed since July 2016.

How Large is 2 FARFIELD ROAD?

2 FARFIELD ROAD is 74m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the smallest 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 2 FARFIELD ROAD lies on this distribution: 20% of detached houses houses are smaller than 2 FARFIELD ROAD, and 78% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

2 FARFIELD ROAD: Plot and Title Map

2 FARFIELD ROAD sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 2 FARFIELD ROAD, 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 FARFIELD ROAD). 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 FARFIELD ROAD?

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