226, PARK ROAD, ILKESTON, DE7 5DQ - £173,000

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.

226 PARK ROAD is a very small detached house of 70m², built sometime between 1950 and 1966, which could now be worth an estimated £237,231. It was last sold for £173,000 in September 2017, which was around 26% below the average September 2017 detached price in the Erewash local authority area. The most recent EPC inspection was April 2017, where the current energy rating was C, and the potential energy rating was B.

226 PARK ROAD Sold Prices

Land registry data shows three sales for 226 PARK ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. All of the three 226 PARK 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
2017 28 SEP	£173,000	£232,632	26% below HPI
2015 12 JUN	£166,000	£205,200	19% below HPI
2007 1 JUN	£145,000	£186,867	22% below HPI

226 PARK 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 three 226 PARK ROAD sales between June 2007 and September 2017 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 June 2015 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the September 2017 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 226 PARK ROAD be worth now?

226 PARK ROAD might now be worth an estimated £237,231.

This is based on house price inflation of 37.1%, between September 2017 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 37.1% inflationary increase is applied to the most recent sale price for 226 PARK ROAD of £173,000 on 28th September 2017. For the value to have increased from £173,000 to £237,231 over the eight years and seven months to February 2025, the following assumptions must hold true:

• The value of 226 PARK ROAD has moved in line with the HPI for detached houses in the Erewash local authority area.
• The September 2017 sale price of £173,000 represented a fair market value for the property.
• The size, condition, and specification of 226 PARK ROAD has not materially changed since September 2017.

How Large is 226 PARK ROAD?

226 PARK ROAD is 70m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 20% 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 226 PARK ROAD lies on this distribution: 16% of detached houses houses are smaller than 226 PARK ROAD, and 83% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

226 PARK ROAD: Plot and Title Map

226 PARK ROAD sits on a plot of roughly 0.057 of an acre, or 229m². The below map shows the location of 226 PARK 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 226 PARK 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 226 PARK ROAD?

226 PARK ROAD is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 226 on PARK ROAD.