18, PARK ROAD, ILKESTON, DE7 5DA - £102,500

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.

18 PARK ROAD is a very small extended terraced house of 56m², built sometime between 1900 and 1929, which could now be worth an estimated £122,933. It was last sold for £102,500 in July 2021, which was around 29% below the average July 2021 terraced price in the Erewash local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

18 PARK ROAD Sold Prices

Land registry data shows four sales for 18 PARK ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Erewash local authority area for the corresponding sale date. All of the four 18 PARK 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 28 JUL	£102,500	£143,506	29% below HPI
2020 29 JUL	£74,000	£127,458	42% below HPI
2006 8 NOV	£75,000	£97,731	23% below HPI
2003 20 JAN	£32,000	£57,257	44% below HPI

18 PARK ROAD 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 four 18 PARK ROAD sales between January 2003 and July 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 July 2020 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the July 2021 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 18 PARK ROAD be worth now?

18 PARK ROAD might now be worth an estimated £122,933.

This is based on house price inflation of 19.9%, between July 2021 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 19.9% inflationary increase is applied to the most recent sale price for 18 PARK ROAD of £102,500 on 28th July 2021. For the value to have increased from £102,500 to £122,933 over the five years and two months to May 2026, the following assumptions must hold true:

• The value of 18 PARK ROAD has moved in line with the HPI for terraced houses in the Erewash local authority area.
• The July 2021 sale price of £102,500 represented a fair market value for the property.
• The size, condition, and specification of 18 PARK ROAD has not materially changed since July 2021.

How Large is 18 PARK ROAD?

18 PARK ROAD is 56m², which includes one extension, according to the EPC inspection conducted in February 2020. 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 18 PARK ROAD lies on this distribution: 5% of terraced houses houses are smaller than 18 PARK ROAD, and 94% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

18 PARK ROAD: Plot and Title Map

18 PARK ROAD sits on a plot of roughly 0.018 of an acre, or 74m². The below map shows the location of 18 PARK 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 18 PARK 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 18 PARK ROAD?

18 PARK ROAD is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 18 on PARK ROAD.