THE PADDOCK, SHIPLEY COMMON LANE, ILKESTON, DE7 8TQ - £353,000

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 PADDOCK is a very small detached house of 73m², built sometime between 1950 and 1966. It was last sold for £353,000 in November 2021, which was around 24% above the average November 2021 detached price in the Erewash local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

THE PADDOCK Sold Prices

Land registry data shows two sales for THE PADDOCK 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. One of the two THE PADDOCK sales was for above the average price, whilst the other was 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 30 NOV	£353,000	£284,031	24% above HPI
2021 30 APR	£215,000	£265,845	19% below HPI

THE PADDOCK 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 PADDOCK sales from April 2021 and November 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 April 2021 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the November 2021 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is THE PADDOCK?

THE PADDOCK is 73m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 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 PADDOCK lies on this distribution: 19% of detached houses are smaller than THE PADDOCK, and 80% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

THE PADDOCK: Plot and Title Map

THE PADDOCK sits on a plot of roughly 0.137 of an acre, or 553m². The below map shows the location of THE PADDOCK, 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 PADDOCK). 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 PADDOCK?

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