38, ROSSENDALE, ILKESTON, DE7 8ZN - £162,500

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 ROSSENDALE is a very small detached house of 60m², built sometime between 1976 and 1982, which could now be worth an estimated £186,212. It was last sold for £162,500 in September 2021, which was around 42% below the average September 2021 detached price in the Erewash local authority area. The most recent EPC inspection was February 2021, where the current energy rating was C, and the potential energy rating was B.

38 ROSSENDALE Sold Prices

Land registry data shows three sales for 38 ROSSENDALE 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. All of the three 38 ROSSENDALE 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 17 SEP	£162,500	£278,381	42% below HPI
1999 26 MAY	£23,475	£71,280	67% below HPI
1996 15 AUG	£44,750	£63,794	30% below HPI

38 ROSSENDALE 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 38 ROSSENDALE sales between August 1996 and September 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 May 1999 sale was for 67% below the HPI. So the extrapolation line tracks at 67% below the HPI over time, until the September 2021 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 38 ROSSENDALE be worth now?

38 ROSSENDALE might now be worth an estimated £186,212.

This is based on house price inflation of 14.6%, between September 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 14.6% inflationary increase is applied to the most recent sale price for 38 ROSSENDALE of £162,500 on 17th September 2021. For the value to have increased from £162,500 to £186,212 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 38 ROSSENDALE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The September 2021 sale price of £162,500 represented a fair market value for the property.
• The size, condition, and specification of 38 ROSSENDALE has not materially changed since September 2021.

How Large is 38 ROSSENDALE?

38 ROSSENDALE is 60m² according to the EPC inspection conducted in February 2021. This puts it in the smallest 10% 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 ROSSENDALE lies on this distribution: 8% of detached houses houses are smaller than 38 ROSSENDALE, and 91% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

38 ROSSENDALE: Plot and Title Map

38 ROSSENDALE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 38 ROSSENDALE, 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 ROSSENDALE). 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 ROSSENDALE?

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