5, MILL ACRE CLOSE, ILKESTON, DE7 9JQ - £220,000

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.

5 MILL ACRE CLOSE is a small detached house of 87m², built sometime between 1996 and 2002, which could now be worth an estimated £319,769. It was last sold for £220,000 in September 2016, which was about the average September 2016 detached price in the Erewash local authority area. The most recent EPC inspection was September 2009, where the current energy rating was D, and the potential energy rating was C.

5 MILL ACRE CLOSE Sold Prices

Land registry data shows four sales for 5 MILL ACRE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. The four 5 MILL ACRE CLOSE sales were a mix of roughly equal to the average price, above the average price, and 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 30 SEP	£220,000	£219,473	Close to HPI
2015 20 NOV	£209,950	£210,977	Close to HPI
2010 8 JAN	£157,000	£171,707	9% below HPI
1998 30 JAN	£72,950	£67,930	7% above HPI

5 MILL ACRE 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 four 5 MILL ACRE CLOSE sales between January 1998 and September 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 November 2015 sale roughly matched the HPI. So the extrapolation line tracks in line HPI over time, until the September 2016 sale, which was also at roughly the same level as the HPI.

What might 5 MILL ACRE CLOSE be worth now?

5 MILL ACRE CLOSE might now be worth an estimated £319,769.

This is based on house price inflation of 45.3%, between September 2016 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 45.3% inflationary increase is applied to the most recent sale price for 5 MILL ACRE CLOSE of £220,000 on 30th September 2016. For the value to have increased from £220,000 to £319,769 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of 5 MILL ACRE CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The September 2016 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MILL ACRE CLOSE has not materially changed since September 2016.

How Large is 5 MILL ACRE CLOSE?

5 MILL ACRE CLOSE is 87m² according to the EPC inspection conducted in September 2009. This puts it in the smallest 40% 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 MILL ACRE CLOSE lies on this distribution: 36% of detached houses houses are smaller than 5 MILL ACRE CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

5 MILL ACRE CLOSE: Plot and Title Map

5 MILL ACRE CLOSE sits on a plot of roughly 0.114 of an acre, or 462m². The below map shows the location of 5 MILL ACRE 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 MILL ACRE 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 MILL ACRE CLOSE?

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