2, PRIORY CLOSE, ILKESTON, DE7 4JF - £140,000

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.

2 PRIORY CLOSE is a small terraced house of 76m², built sometime between 1967 and 1975, which could now be worth an estimated £171,265. It was last sold for £140,000 in December 2020, which was around 5% above the average December 2020 terraced price in the Erewash local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was C.

2 PRIORY CLOSE Sold Prices

Land registry data shows two sales for 2 PRIORY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Erewash local authority area for the corresponding sale date. One of the two 2 PRIORY CLOSE 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
2020 11 DEC	£140,000	£133,514	5% above HPI
2010 30 SEP	£88,000	£93,482	6% below HPI

2 PRIORY 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 two 2 PRIORY CLOSE sales from September 2010 and December 2020 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 September 2010 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the December 2020 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 2 PRIORY CLOSE be worth now?

2 PRIORY CLOSE might now be worth an estimated £171,265.

This is based on house price inflation of 22.3%, between December 2020 and June 2025, 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 22.3% inflationary increase is applied to the most recent sale price for 2 PRIORY CLOSE of £140,000 on 11th December 2020. For the value to have increased from £140,000 to £171,265 over the five years and six months to June 2025, the following assumptions must hold true:

• The value of 2 PRIORY CLOSE has moved in line with the HPI for terraced houses in the Erewash local authority area.
• The December 2020 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PRIORY CLOSE has not materially changed since December 2020.

How Large is 2 PRIORY CLOSE?

2 PRIORY CLOSE is 76m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 30% 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 2 PRIORY CLOSE lies on this distribution: 24% of terraced houses houses are smaller than 2 PRIORY CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

2 PRIORY CLOSE: Plot and Title Map

2 PRIORY CLOSE sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 2 PRIORY 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 2 PRIORY 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 2 PRIORY CLOSE?

2 PRIORY CLOSE is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 2 on PRIORY CLOSE.