4, QUEEN ELIZABETH WAY, ILKESTON, DE7 4NU - £147,000

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.

4 QUEEN ELIZABETH WAY is a very small detached house of 49m², built sometime between 1991 and 1995, which could now be worth an estimated £191,311. It was last sold for £147,000 in December 2019, which was around 40% below the average December 2019 detached price in the Erewash local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

4 QUEEN ELIZABETH WAY Sold Prices

Land registry data shows two sales for 4 QUEEN ELIZABETH WAY 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 4 QUEEN ELIZABETH WAY 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
2019 6 DEC	£147,000	£245,116	40% below HPI
2012 4 SEP	£103,000	£179,152	43% below HPI

4 QUEEN ELIZABETH WAY 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 4 QUEEN ELIZABETH WAY sales from September 2012 and December 2019 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 2012 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the December 2019 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 4 QUEEN ELIZABETH WAY be worth now?

4 QUEEN ELIZABETH WAY might now be worth an estimated £191,311.

This is based on house price inflation of 30.1%, between December 2019 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 30.1% inflationary increase is applied to the most recent sale price for 4 QUEEN ELIZABETH WAY of £147,000 on 6th December 2019. For the value to have increased from £147,000 to £191,311 over the six years and ten months to February 2025, the following assumptions must hold true:

• The value of 4 QUEEN ELIZABETH WAY has moved in line with the HPI for detached houses in the Erewash local authority area.
• The December 2019 sale price of £147,000 represented a fair market value for the property.
• The size, condition, and specification of 4 QUEEN ELIZABETH WAY has not materially changed since December 2019.

How Large is 4 QUEEN ELIZABETH WAY?

4 QUEEN ELIZABETH WAY is 49m² according to the EPC inspection conducted in August 2022. 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 4 QUEEN ELIZABETH WAY lies on this distribution: 1% of detached houses houses are smaller than 4 QUEEN ELIZABETH WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

4 QUEEN ELIZABETH WAY: Plot and Title Map

4 QUEEN ELIZABETH WAY sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 4 QUEEN ELIZABETH WAY, 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 4 QUEEN ELIZABETH WAY). 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 4 QUEEN ELIZABETH WAY?

4 QUEEN ELIZABETH WAY is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 4 on QUEEN ELIZABETH WAY.