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

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

2 FARFIELD ROAD is a small extended detached house of 74m², built sometime between 1950 and 1966. It was last sold for £135,000 in July 2016, which was around 35% 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	£208,489	35% below HPI
2013 8 OCT	£101,000	£173,056	42% 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 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the July 2016 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

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 in Ilkeston, based on EPC data. The below chart shows the distribution of detached houses by size in Ilkeston, and where 2 FARFIELD ROAD lies on this distribution: 20% of detached 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.