7, FARRIERS CROFT, ILKESTON, DE7 9LT - £240,000

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.

7 FARRIERS CROFT is a very large detached house of 138m², built sometime between 1996 and 2002, which could now be worth an estimated £390,435. It was last sold for £240,000 in August 2014, which was around 22% above the average August 2014 detached price in the Erewash local authority area. The most recent EPC inspection was July 2012, where the current energy rating was C, and the potential energy rating was C.

7 FARRIERS CROFT Sold Prices

Land registry data shows three sales for 7 FARRIERS CROFT 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 7 FARRIERS CROFT sales were for above 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 29 AUG	£240,000	£196,091	22% above HPI
1999 27 OCT	£99,950	£76,503	31% above HPI
1997 12 DEC	£90,725	£68,750	32% above HPI

7 FARRIERS CROFT 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 7 FARRIERS CROFT sales between December 1997 and August 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 October 1999 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the August 2014 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 7 FARRIERS CROFT be worth now?

7 FARRIERS CROFT might now be worth an estimated £390,435.

This is based on house price inflation of 62.7%, between August 2014 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 62.7% inflationary increase is applied to the most recent sale price for 7 FARRIERS CROFT of £240,000 on 29th August 2014. For the value to have increased from £240,000 to £390,435 over the eleven years and six months to February 2025, the following assumptions must hold true:

• The value of 7 FARRIERS CROFT has moved in line with the HPI for detached houses in the Erewash local authority area.
• The August 2014 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 7 FARRIERS CROFT has not materially changed since August 2014.

How Large is 7 FARRIERS CROFT?

7 FARRIERS CROFT is 138m² according to the EPC inspection conducted in July 2012. This puts it in the largest 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 7 FARRIERS CROFT lies on this distribution: 87% of detached houses houses are smaller than 7 FARRIERS CROFT, and 13% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

7 FARRIERS CROFT: Plot and Title Map

7 FARRIERS CROFT sits on a plot of roughly 0.099 of an acre, or 402m². The below map shows the location of 7 FARRIERS CROFT, 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 7 FARRIERS CROFT). 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 7 FARRIERS CROFT?

7 FARRIERS CROFT is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 7 on FARRIERS CROFT.