28, LANEWARD CLOSE, ILKESTON, DE7 8RH - £155,000

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.

28 LANEWARD CLOSE is a small detached house of 87m², built sometime between 1996 and 2002, which could now be worth an estimated £279,810. It was last sold for £155,000 in September 2013, which was around 12% below the average September 2013 detached price in the Erewash local authority area. The most recent EPC inspection was March 2009, where the current energy rating was D, and the potential energy rating was C.

28 LANEWARD CLOSE Sold Prices

Land registry data shows four sales for 28 LANEWARD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. Most of the four 28 LANEWARD 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
2013 27 SEP	£155,000	£176,711	12% below HPI
2009 17 JUL	£149,950	£168,114	11% below HPI
2001 27 APR	£92,500	£84,999	9% above HPI
1996 4 JUL	£59,995	£62,318	4% below HPI

28 LANEWARD 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 four 28 LANEWARD CLOSE sales between July 1996 and September 2013 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 July 2009 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the September 2013 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 28 LANEWARD CLOSE be worth now?

28 LANEWARD CLOSE might now be worth an estimated £279,810.

This is based on house price inflation of 80.5%, between September 2013 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 80.5% inflationary increase is applied to the most recent sale price for 28 LANEWARD CLOSE of £155,000 on 27th September 2013. For the value to have increased from £155,000 to £279,810 over the twelve years and seven months to February 2025, the following assumptions must hold true:

• The value of 28 LANEWARD CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The September 2013 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of 28 LANEWARD CLOSE has not materially changed since September 2013.

How Large is 28 LANEWARD CLOSE?

28 LANEWARD CLOSE is 87m² according to the EPC inspection conducted in March 2009. This puts it in the smallest 40% 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 28 LANEWARD CLOSE lies on this distribution: 35% of detached houses houses are smaller than 28 LANEWARD CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

28 LANEWARD CLOSE: Plot and Title Map

28 LANEWARD CLOSE sits on a plot of roughly 0.082 of an acre, or 332m². The below map shows the location of 28 LANEWARD 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 28 LANEWARD 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 28 LANEWARD CLOSE?

28 LANEWARD CLOSE is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 28 on LANEWARD CLOSE.