THE OAKS, SHIPLEY COMMON LANE, ILKESTON, DE7 8TQ - £254,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE OAKS is a very large detached house of 129m², built sometime between 1996 and 2002. It was last sold for £254,000 in September 2017, which was around 13% above the average September 2017 detached price in the Erewash local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was B.

THE OAKS Sold Prices

Land registry data shows two sales for THE OAKS 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 THE OAKS 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
2017 29 SEP	£254,000	£225,645	13% above HPI
1995 24 NOV	£69,000	£59,393	16% above HPI

THE OAKS 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 THE OAKS sales from November 1995 and September 2017 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 November 1995 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the September 2017 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is THE OAKS?

THE OAKS is 129m² according to the EPC inspection conducted in May 2017. This puts it in the largest 20% of detached houses in Ilkeston, based on EPC data. The below chart shows the distribution of detached houses by size in Ilkeston, and where THE OAKS lies on this distribution: 81% of detached houses are smaller than THE OAKS, and 18% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

THE OAKS: Plot and Title Map

THE OAKS sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of THE OAKS, 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 THE OAKS). 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 THE OAKS?

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