31, FACTORY LANE, ILKESTON, DE7 8HQ - £194,950

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

31 FACTORY LANE is a small detached house of 80m², built sometime between 1930 and 1949. It was last sold for £194,950 in November 2018, which was around 19% below the average November 2018 detached price in the Erewash local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

31 FACTORY LANE Sold Prices

Land registry data shows two sales for 31 FACTORY LANE 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 31 FACTORY LANE 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
2018 23 NOV	£194,950	£240,740	19% below HPI
1997 25 SEP	£48,000	£67,291	29% below HPI

31 FACTORY LANE 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 31 FACTORY LANE sales from September 1997 and November 2018 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 September 1997 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the November 2018 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 31 FACTORY LANE?

31 FACTORY LANE is 80m² according to the EPC inspection conducted in August 2018. 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 31 FACTORY LANE lies on this distribution: 27% of detached houses are smaller than 31 FACTORY LANE, and 72% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

31 FACTORY LANE: Plot and Title Map

31 FACTORY LANE sits on a plot of roughly 104.9 acres, or 424,496m². The below map shows the location of 31 FACTORY LANE, 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 31 FACTORY LANE). 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 31 FACTORY LANE?

31 FACTORY LANE is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 31 on FACTORY LANE.