5, LANEWARD CLOSE, ILKESTON, DE7 8RH - £152,500

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

5 LANEWARD CLOSE is a very small detached house of 69m², built sometime between 1996 and 2002. It was last sold for £152,500 in May 2015, which was around 22% below the average May 2015 detached price in the Erewash local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was B.

5 LANEWARD CLOSE Sold Prices

Land registry data shows two sales for 5 LANEWARD 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 5 LANEWARD CLOSE 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
2015 8 MAY	£152,500	£194,667	22% below HPI
1995 24 NOV	£55,100	£59,393	7% below HPI

5 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 two 5 LANEWARD CLOSE sales from November 1995 and May 2015 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 November 1995 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the May 2015 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 5 LANEWARD CLOSE?

5 LANEWARD CLOSE is 69m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 20% of detached houses in Ilkeston, based on EPC data. The below chart shows the distribution of detached houses by size in Ilkeston, and where 5 LANEWARD CLOSE lies on this distribution: 15% of detached houses are smaller than 5 LANEWARD CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

5 LANEWARD CLOSE: Plot and Title Map

5 LANEWARD CLOSE sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 5 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 5 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 5 LANEWARD CLOSE?

5 LANEWARD CLOSE is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 5 on LANEWARD CLOSE.