HOLLIES, SHIPLEY COMMON LANE, ILKESTON, DE7 8TQ - £180,000

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.

HOLLIES is a midsized extended detached house of 92m², built sometime between 1930 and 1949, which could now be worth an estimated £271,669. It was last sold for £180,000 in December 2015, which was around 15% below the average December 2015 detached price in the Erewash local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

HOLLIES Sold Prices

Land registry data shows two sales for HOLLIES 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 HOLLIES 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
2015 16 DEC	£180,000	£211,362	15% below HPI
2014 18 DEC	£120,000	£198,085	39% below HPI

HOLLIES 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 HOLLIES sales from December 2014 and December 2015 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 December 2014 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the December 2015 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might HOLLIES be worth now?

HOLLIES might now be worth an estimated £271,669.

This is based on house price inflation of 50.9%, between December 2015 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 50.9% inflationary increase is applied to the most recent sale price for HOLLIES of £180,000 on 16th December 2015. For the value to have increased from £180,000 to £271,669 over the ten years and ten months to February 2025, the following assumptions must hold true:

• The value of HOLLIES has moved in line with the HPI for detached houses in the Erewash local authority area.
• The December 2015 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of HOLLIES has not materially changed since December 2015.

How Large is HOLLIES?

HOLLIES is 92m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the smallest 50% 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 HOLLIES lies on this distribution: 42% of detached houses houses are smaller than HOLLIES, and 55% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

HOLLIES: Plot and Title Map

HOLLIES sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of HOLLIES, 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 HOLLIES). 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 HOLLIES?

HOLLIES is located on SHIPLEY COMMON LANE in ILKESTON, in the DE7 postcode district. The below map shows the position of HOLLIES on SHIPLEY COMMON LANE.