3, THE VALE, ILKESTON, DE7 8PG - £450,000

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

3 THE VALE is a midsized detached house of 105m², built sometime between 1976 and 1982. It was last sold for £450,000 in November 2022, which was around 48% above the average November 2022 detached price in the Erewash local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was B.

3 THE VALE Sold Prices

Land registry data shows four sales for 3 THE VALE 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 3 THE VALE 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
2022 23 NOV	£450,000	£303,280	48% above HPI
2015 16 OCT	£10,000	£204,782	95% below HPI
2009 25 SEP	£184,000	£166,154	11% above HPI
2002 1 MAY	£129,000	£102,329	26% above HPI

3 THE VALE 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 3 THE VALE sales between May 2002 and November 2022 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 2015 sale was for 95% below the HPI. So the extrapolation line tracks at 95% below the HPI over time, until the November 2022 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

How Large is 3 THE VALE?

3 THE VALE is 105m² according to the EPC inspection conducted in May 2022. This puts it in the largest 50% of detached houses in Ilkeston, based on EPC data. The below chart shows the distribution of detached houses by size in Ilkeston, and where 3 THE VALE lies on this distribution: 59% of detached houses are smaller than 3 THE VALE, and 40% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

3 THE VALE: Plot and Title Map

3 THE VALE sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of 3 THE VALE, 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 3 THE VALE). 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 3 THE VALE?

3 THE VALE is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 3 on THE VALE.