72, SPINNEY ROAD, ILKESTON, DE7 4LH - £215,000

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.

72 SPINNEY ROAD is a small extended detached house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £250,072. It was last sold for £215,000 in May 2021, which was around 22% below the average May 2021 detached price in the Erewash local authority area. The most recent EPC inspection was March 2020, where the current energy rating was E, and the potential energy rating was C.

72 SPINNEY ROAD Sold Prices

Land registry data shows two sales for 72 SPINNEY ROAD 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 72 SPINNEY ROAD 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
2021 27 MAY	£215,000	£274,264	22% below HPI
1996 5 JAN	£49,000	£60,968	20% below HPI

72 SPINNEY ROAD 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 72 SPINNEY ROAD sales from January 1996 and May 2021 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 January 1996 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2021 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 72 SPINNEY ROAD be worth now?

72 SPINNEY ROAD might now be worth an estimated £250,072.

This is based on house price inflation of 16.3%, between May 2021 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 16.3% inflationary increase is applied to the most recent sale price for 72 SPINNEY ROAD of £215,000 on 27th May 2021. For the value to have increased from £215,000 to £250,072 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of 72 SPINNEY ROAD has moved in line with the HPI for detached houses in the Erewash local authority area.
• The May 2021 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 72 SPINNEY ROAD has not materially changed since May 2021.

How Large is 72 SPINNEY ROAD?

72 SPINNEY ROAD is 74m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the smallest 30% 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 72 SPINNEY ROAD lies on this distribution: 20% of detached houses houses are smaller than 72 SPINNEY ROAD, and 78% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

72 SPINNEY ROAD: Plot and Title Map

72 SPINNEY ROAD sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 72 SPINNEY ROAD, 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 72 SPINNEY ROAD). 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 72 SPINNEY ROAD?

72 SPINNEY ROAD is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 72 on SPINNEY ROAD.