31, SOMERLEYTON DRIVE, ILKESTON, DE7 4BT - £240,000

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.

31 SOMERLEYTON DRIVE is a small extended detached house of 85m², built sometime between 1996 and 2002, which could now be worth an estimated £279,660. It was last sold for £240,000 in March 2021, which was around 12% below the average March 2021 detached price in the Erewash local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

31 SOMERLEYTON DRIVE Sold Prices

Land registry data shows five sales for 31 SOMERLEYTON DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. All of the five 31 SOMERLEYTON DRIVE 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
2021 15 MAR	£240,000	£273,764	12% below HPI
2016 19 SEP	£187,000	£219,473	15% below HPI
2007 31 JAN	£178,000	£193,633	8% below HPI
2004 11 JUN	£145,000	£169,815	15% below HPI
2002 5 JUL	£93,500	£112,621	17% below HPI

31 SOMERLEYTON DRIVE 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 five 31 SOMERLEYTON DRIVE sales between July 2002 and March 2021 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 2016 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the March 2021 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 31 SOMERLEYTON DRIVE be worth now?

31 SOMERLEYTON DRIVE might now be worth an estimated £279,660.

This is based on house price inflation of 16.5%, between March 2021 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 16.5% inflationary increase is applied to the most recent sale price for 31 SOMERLEYTON DRIVE of £240,000 on 15th March 2021. For the value to have increased from £240,000 to £279,660 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 31 SOMERLEYTON DRIVE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The March 2021 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 31 SOMERLEYTON DRIVE has not materially changed since March 2021.

How Large is 31 SOMERLEYTON DRIVE?

31 SOMERLEYTON DRIVE is 85m², which includes one extension, according to the EPC inspection conducted in September 2020. 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 31 SOMERLEYTON DRIVE lies on this distribution: 33% of detached houses houses are smaller than 31 SOMERLEYTON DRIVE, and 66% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

31 SOMERLEYTON DRIVE: Plot and Title Map

31 SOMERLEYTON DRIVE sits on a plot of roughly 0.052 of an acre, or 212m². The below map shows the location of 31 SOMERLEYTON DRIVE, 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 SOMERLEYTON DRIVE). 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 SOMERLEYTON DRIVE?

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