15, HEDINGHAM CLOSE, ILKESTON, DE7 5HR - £194,000

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.

15 HEDINGHAM CLOSE is a very small extended terraced house of 53m², built sometime between 2003 and 2006, which could now be worth an estimated £204,927. It was last sold for £194,000 in August 2022, which was around 19% above the average August 2022 terraced price in the Erewash local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was A.

15 HEDINGHAM CLOSE Sold Prices

Land registry data shows three sales for 15 HEDINGHAM CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Erewash local authority area for the corresponding sale date. All of the three 15 HEDINGHAM CLOSE 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 19 AUG	£194,000	£162,937	19% above HPI
2013 12 JUL	£103,000	£90,620	14% above HPI
2006 12 MAY	£116,000	£92,709	25% above HPI

15 HEDINGHAM CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Erewash local authority area over time, sourced from the HPI. The three 15 HEDINGHAM CLOSE sales between May 2006 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 July 2013 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the August 2022 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 15 HEDINGHAM CLOSE be worth now?

15 HEDINGHAM CLOSE might now be worth an estimated £204,927.

This is based on house price inflation of 5.6%, between August 2022 and May 2026, for terraced 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 5.6% inflationary increase is applied to the most recent sale price for 15 HEDINGHAM CLOSE of £194,000 on 19th August 2022. For the value to have increased from £194,000 to £204,927 over the four years and three months to May 2026, the following assumptions must hold true:

• The value of 15 HEDINGHAM CLOSE has moved in line with the HPI for terraced houses in the Erewash local authority area.
• The August 2022 sale price of £194,000 represented a fair market value for the property.
• The size, condition, and specification of 15 HEDINGHAM CLOSE has not materially changed since August 2022.

How Large is 15 HEDINGHAM CLOSE?

15 HEDINGHAM CLOSE is 53m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the smallest 10% of terraced houses houses in Ilkeston, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Ilkeston, and where 15 HEDINGHAM CLOSE lies on this distribution: 4% of terraced houses houses are smaller than 15 HEDINGHAM CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

15 HEDINGHAM CLOSE: Plot and Title Map

15 HEDINGHAM CLOSE sits on a plot of roughly 0.023 of an acre, or 92m². The below map shows the location of 15 HEDINGHAM CLOSE, 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 15 HEDINGHAM CLOSE). 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 15 HEDINGHAM CLOSE?

15 HEDINGHAM CLOSE is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 15 on HEDINGHAM CLOSE.