38, HEDINGHAM CLOSE, ILKESTON, DE7 5HR - £279,000

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.

38 HEDINGHAM CLOSE is a very large detached house of 129m², built sometime between 2003 and 2006, which could now be worth an estimated £410,999. It was last sold for £279,000 in August 2016, which was around 29% above the average August 2016 detached price in the Erewash local authority area. The most recent EPC inspection was July 2015, where the current energy rating was C, and the potential energy rating was B.

38 HEDINGHAM CLOSE Sold Prices

Land registry data shows two sales for 38 HEDINGHAM CLOSE 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 38 HEDINGHAM CLOSE 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
2016 31 AUG	£279,000	£216,550	29% above HPI
2006 10 FEB	£240,000	£171,919	40% above HPI

38 HEDINGHAM 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 two 38 HEDINGHAM CLOSE sales from February 2006 and August 2016 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 February 2006 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the August 2016 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 38 HEDINGHAM CLOSE be worth now?

38 HEDINGHAM CLOSE might now be worth an estimated £410,999.

This is based on house price inflation of 47.3%, between August 2016 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 47.3% inflationary increase is applied to the most recent sale price for 38 HEDINGHAM CLOSE of £279,000 on 31st August 2016. For the value to have increased from £279,000 to £410,999 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of 38 HEDINGHAM CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The August 2016 sale price of £279,000 represented a fair market value for the property.
• The size, condition, and specification of 38 HEDINGHAM CLOSE has not materially changed since August 2016.

How Large is 38 HEDINGHAM CLOSE?

38 HEDINGHAM CLOSE is 129m² according to the EPC inspection conducted in July 2015. This puts it in the largest 20% 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 38 HEDINGHAM CLOSE lies on this distribution: 81% of detached houses houses are smaller than 38 HEDINGHAM CLOSE, and 18% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

38 HEDINGHAM CLOSE: Plot and Title Map

38 HEDINGHAM CLOSE sits on a plot of roughly 0.086 of an acre, or 349m². The below map shows the location of 38 HEDINGHAM 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 38 HEDINGHAM 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 38 HEDINGHAM CLOSE?

38 HEDINGHAM CLOSE is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 38 on HEDINGHAM CLOSE.