40, PARK DRIVE, ILKESTON, DE7 5NR - £120,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

40 PARK DRIVE is a very small detached house of 62m², built sometime between 1950 and 1966. It was last sold for £120,000 in December 2016, which was around 45% below the average December 2016 detached price in the Erewash local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

40 PARK DRIVE Sold Prices

Land registry data shows two sales for 40 PARK DRIVE 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 40 PARK 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
2016 7 DEC	£120,000	£216,243	45% below HPI
2004 21 MAY	£125,000	£160,720	22% below HPI

40 PARK 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 two 40 PARK DRIVE sales from May 2004 and December 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 May 2004 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the December 2016 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 40 PARK DRIVE?

40 PARK DRIVE is 62m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 10% of detached houses in Ilkeston, based on EPC data. The below chart shows the distribution of detached houses by size in Ilkeston, and where 40 PARK DRIVE lies on this distribution: 10% of detached houses are smaller than 40 PARK DRIVE, and 90% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

40 PARK DRIVE: Plot and Title Map

40 PARK DRIVE sits on a plot of roughly 8.1 acres, or 32,672m². The below map shows the location of 40 PARK 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 40 PARK 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 40 PARK DRIVE?

40 PARK DRIVE is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 40 on PARK DRIVE.