7, SPENCER STREET, STANLEY COMMON, ILKESTON, DE7 6GA - £350,000

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

7 SPENCER STREET is a large detached house of 130m², built sometime between 2003 and 2006. It was last sold for £350,000 in August 2022, which was around 14% above the average August 2022 detached price in the Erewash local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

7 SPENCER STREET Sold Prices

Land registry data shows two sales for 7 SPENCER STREET 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 7 SPENCER STREET 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
2022 5 AUG	£350,000	£307,097	14% above HPI
2002 25 OCT	£172,950	£121,095	43% above HPI

7 SPENCER STREET 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 7 SPENCER STREET sales from October 2002 and August 2022 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 2002 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the August 2022 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is 7 SPENCER STREET?

7 SPENCER STREET is 130m² according to the EPC inspection conducted in September 2021. This puts it in the largest 30% of detached houses in Stanley Common, based on EPC data. The below chart shows the distribution of detached houses by size in Stanley Common, and where 7 SPENCER STREET lies on this distribution: 69% of detached houses are smaller than 7 SPENCER STREET, and 29% of houses are larger. Note that EPC data is not available for all properties in Stanley Common.

7 SPENCER STREET: Plot and Title Map

7 SPENCER STREET sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of 7 SPENCER STREET, 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 SPENCER STREET). 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 SPENCER STREET?

7 SPENCER STREET is located in STANLEY COMMON, in the DE7 postcode district. The below map shows the position of No. 7 on SPENCER STREET.