22, REDBRIDGE CLOSE, ILKESTON, DE7 5BZ - £200,000

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.

22 REDBRIDGE CLOSE is a very small extended terraced house of 70m², built sometime between 2003 and 2006, which could now be worth an estimated £208,814. It was last sold for £200,000 in July 2023, which was around 21% above the average July 2023 terraced price in the Erewash local authority area. The most recent EPC inspection was December 2022, where the current energy rating was C, and the potential energy rating was B.

22 REDBRIDGE CLOSE Sold Prices

Land registry data shows three sales for 22 REDBRIDGE 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 22 REDBRIDGE 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
2023 21 JUL	£200,000	£164,849	21% above HPI
2018 14 SEP	£175,000	£122,817	42% above HPI
2008 25 APR	£166,950	£99,826	67% above HPI

22 REDBRIDGE 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 22 REDBRIDGE CLOSE sales between April 2008 and July 2023 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 2018 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the July 2023 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 22 REDBRIDGE CLOSE be worth now?

22 REDBRIDGE CLOSE might now be worth an estimated £208,814.

This is based on house price inflation of 4.4%, between July 2023 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 4.4% inflationary increase is applied to the most recent sale price for 22 REDBRIDGE CLOSE of £200,000 on 21st July 2023. For the value to have increased from £200,000 to £208,814 over the three years and two months to May 2026, the following assumptions must hold true:

• The value of 22 REDBRIDGE CLOSE has moved in line with the HPI for terraced houses in the Erewash local authority area.
• The July 2023 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of 22 REDBRIDGE CLOSE has not materially changed since July 2023.

How Large is 22 REDBRIDGE CLOSE?

22 REDBRIDGE CLOSE is 70m², which includes one extension, according to the EPC inspection conducted in December 2022. This puts it in the smallest 20% 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 22 REDBRIDGE CLOSE lies on this distribution: 16% of terraced houses houses are smaller than 22 REDBRIDGE CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

22 REDBRIDGE CLOSE: Plot and Title Map

22 REDBRIDGE CLOSE sits on a plot of roughly 0.038 of an acre, or 154m². The below map shows the location of 22 REDBRIDGE 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 22 REDBRIDGE 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 22 REDBRIDGE CLOSE?

22 REDBRIDGE CLOSE is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 22 on REDBRIDGE CLOSE.