5, OAKHAM WAY, ILKESTON, DE7 8TF - £117,000

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

5 OAKHAM WAY is a very small detached house of 61m², built sometime between 1950 and 1966. It was last sold for £117,000 in January 2014, which was around 34% below the average January 2014 detached price in the Erewash local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was B.

5 OAKHAM WAY Sold Prices

Land registry data shows three sales for 5 OAKHAM WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. All of the three 5 OAKHAM 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
2014 23 JAN	£117,000	£176,917	34% below HPI
2004 19 MAR	£142,000	£154,442	8% below HPI
2003 23 MAY	£100,000	£136,798	27% below HPI

5 OAKHAM 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 three 5 OAKHAM WAY sales between May 2003 and January 2014 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 March 2004 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the January 2014 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 5 OAKHAM WAY?

5 OAKHAM WAY is 61m² according to the EPC inspection conducted in January 2013. 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 5 OAKHAM WAY lies on this distribution: 9% of detached houses are smaller than 5 OAKHAM WAY, and 90% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

5 OAKHAM WAY: Plot and Title Map

5 OAKHAM WAY sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 5 OAKHAM 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 5 OAKHAM 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 5 OAKHAM WAY?

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