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

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.

5 LANEWARD CLOSE is a very small detached house of 69m², built sometime between 1996 and 2002, which could now be worth an estimated £242,399. It was last sold for £152,500 in May 2015, which was around 24% 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	£200,694	24% below HPI
1995 24 NOV	£55,100	£61,232	10% 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 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the May 2015 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 5 LANEWARD CLOSE be worth now?

5 LANEWARD CLOSE might now be worth an estimated £242,399.

This is based on house price inflation of 58.9%, between May 2015 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 58.9% inflationary increase is applied to the most recent sale price for 5 LANEWARD CLOSE of £152,500 on 8th May 2015. For the value to have increased from £152,500 to £242,399 over the ten years and three months to February 2025, the following assumptions must hold true:

• The value of 5 LANEWARD CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The May 2015 sale price of £152,500 represented a fair market value for the property.
• The size, condition, and specification of 5 LANEWARD CLOSE has not materially changed since May 2015.

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 houses in Ilkeston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ilkeston, and where 5 LANEWARD CLOSE lies on this distribution: 15% of detached houses 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.