24, FACTORY LANE, ILKESTON, DE7 8HQ - £123,500

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.

24 FACTORY LANE is a small extended terraced house of 75m², built sometime between 1900 and 1929, which could now be worth an estimated £121,179. It was last sold for £123,500 in August 2023, which was around 26% below the average August 2023 terraced price in the Erewash local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was B.

24 FACTORY LANE Sold Prices

Land registry data shows three sales for 24 FACTORY LANE 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 24 FACTORY LANE 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
2023 25 AUG	£123,500	£166,460	26% below HPI
2005 24 NOV	£78,000	£91,432	15% below HPI
2005 20 MAY	£61,000	£88,091	31% below HPI

24 FACTORY LANE 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 24 FACTORY LANE sales between May 2005 and August 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 November 2005 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the August 2023 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 24 FACTORY LANE be worth now?

24 FACTORY LANE might now be worth an estimated £121,179.

This is based on house price deflation of 1.9%, between August 2023 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 1.9% deflationary decrease is applied to the most recent sale price for 24 FACTORY LANE of £123,500 on 25th August 2023. For the value to have decreased from £123,500 to £121,179 over the two years and two months to June 2025, the following assumptions must hold true:

• The value of 24 FACTORY LANE has moved in line with the HPI for terraced houses in the Erewash local authority area.
• The August 2023 sale price of £123,500 represented a fair market value for the property.
• The size, condition, and specification of 24 FACTORY LANE has not materially changed since August 2023.

How Large is 24 FACTORY LANE?

24 FACTORY LANE is 75m², which includes one extension, according to the EPC inspection conducted in February 2023. 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 24 FACTORY LANE lies on this distribution: 22% of terraced houses houses are smaller than 24 FACTORY LANE, and 77% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

24 FACTORY LANE: Plot and Title Map

24 FACTORY LANE sits on a plot of roughly 0.018 of an acre, or 73m². The below map shows the location of 24 FACTORY LANE, 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 24 FACTORY LANE). 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 24 FACTORY LANE?

24 FACTORY LANE is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 24 on FACTORY LANE.