33, LANEWARD CLOSE, ILKESTON, DE7 8RH - £340,000

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.

33 LANEWARD CLOSE is a large extended detached house of 125m², built sometime between 1996 and 2002, which could now be worth an estimated £398,269. It was last sold for £340,000 in February 2021, which was around 25% above the average February 2021 detached price in the Erewash local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was B.

33 LANEWARD CLOSE Sold Prices

Land registry data shows three sales for 33 LANEWARD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. Two of the three 33 LANEWARD CLOSE sales were for above the average price, whilst one was 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 5 FEB	£340,000	£272,331	25% above HPI
2011 11 MAR	£166,000	£172,064	4% below HPI
1996 28 JUN	£73,950	£62,814	18% above HPI

33 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 three 33 LANEWARD CLOSE sales between June 1996 and February 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 March 2011 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the February 2021 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 33 LANEWARD CLOSE be worth now?

33 LANEWARD CLOSE might now be worth an estimated £398,269.

This is based on house price inflation of 17.1%, between February 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 17.1% inflationary increase is applied to the most recent sale price for 33 LANEWARD CLOSE of £340,000 on 5th February 2021. For the value to have increased from £340,000 to £398,269 over the four years to February 2025, the following assumptions must hold true:

• The value of 33 LANEWARD CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The February 2021 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 33 LANEWARD CLOSE has not materially changed since February 2021.

How Large is 33 LANEWARD CLOSE?

33 LANEWARD CLOSE is 125m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the largest 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 33 LANEWARD CLOSE lies on this distribution: 78% of detached houses houses are smaller than 33 LANEWARD CLOSE, and 21% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

33 LANEWARD CLOSE: Plot and Title Map

33 LANEWARD CLOSE sits on a plot of roughly 0.089 of an acre, or 360m². The below map shows the location of 33 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 33 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 33 LANEWARD CLOSE?

33 LANEWARD CLOSE is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 33 on LANEWARD CLOSE.