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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

31 FACTORY LANE is a small detached house of 80m², built sometime between 1930 and 1949, which could now be worth an estimated £250,569. It was last sold for £194,950 in November 2018, which was around 21% 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	£248,194	21% below HPI
1997 25 SEP	£48,000	£69,374	31% 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 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the November 2018 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 31 FACTORY LANE be worth now?

31 FACTORY LANE might now be worth an estimated £250,569.

This is based on house price inflation of 28.5%, between November 2018 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 28.5% inflationary increase is applied to the most recent sale price for 31 FACTORY LANE of £194,950 on 23rd November 2018. For the value to have increased from £194,950 to £250,569 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 31 FACTORY LANE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The November 2018 sale price of £194,950 represented a fair market value for the property.
• The size, condition, and specification of 31 FACTORY LANE has not materially changed since November 2018.

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 houses in Ilkeston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ilkeston, and where 31 FACTORY LANE lies on this distribution: 27% of detached houses 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 0.077 of an acre, or 311m². 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.