2, SPENCER STREET, STANLEY COMMON, ILKESTON, DE7 6GA - £325,000

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 SPENCER STREET is a midsized extended detached house of 109m², built sometime between 1996 and 2002. It was last sold for £325,000 in March 2023, which was around 4% above the average March 2023 detached price in the Erewash local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was B.

2 SPENCER STREET Sold Prices

Land registry data shows two sales for 2 SPENCER STREET 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 SPENCER STREET 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
2023 30 MAR	£325,000	£312,968	4% above HPI
2002 16 MAY	£160,000	£102,329	56% above HPI

2 SPENCER STREET 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 SPENCER STREET sales from May 2002 and March 2023 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 May 2002 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the March 2023 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is 2 SPENCER STREET?

2 SPENCER STREET is 109m², which includes one extension, according to the EPC inspection conducted in February 2023. This puts it in the smallest 50% of detached houses in Stanley Common, based on EPC data. The below chart shows the distribution of detached houses by size in Stanley Common, and where 2 SPENCER STREET lies on this distribution: 43% of detached houses are smaller than 2 SPENCER STREET, and 57% of houses are larger. Note that EPC data is not available for all properties in Stanley Common.

2 SPENCER STREET: Plot and Title Map

2 SPENCER STREET sits on a plot of roughly 0.070 of an acre, or 283m². The below map shows the location of 2 SPENCER STREET, 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 SPENCER STREET). 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 SPENCER STREET?

2 SPENCER STREET is located in STANLEY COMMON, in the DE7 postcode district. The below map shows the position of No. 2 on SPENCER STREET.