3, SUMMERFIELDS WAY, ILKESTON, DE7 9HE - £155,500

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.

3 SUMMERFIELDS WAY is a very small semi-detached house of 66m², built sometime between 1976 and 1982, which could now be worth an estimated £193,625. It was last sold for £155,500 in November 2020, which was around 8% below the average November 2020 semi-detached price in the Erewash local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was C.

3 SUMMERFIELDS WAY Sold Prices

Land registry data shows five sales for 3 SUMMERFIELDS WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Erewash local authority area for the corresponding sale date. All of the five 3 SUMMERFIELDS WAY 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
2020 12 NOV	£155,500	£169,928	8% below HPI
2016 22 JUL	£130,000	£137,825	6% below HPI
2011 8 AUG	£98,000	£111,396	12% below HPI
2001 7 SEP	£55,000	£55,617	1% below HPI
1997 19 DEC	£37,000	£40,941	10% below HPI

3 SUMMERFIELDS WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Erewash local authority area over time, sourced from the HPI. The five 3 SUMMERFIELDS WAY sales between December 1997 and November 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 July 2016 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the November 2020 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 3 SUMMERFIELDS WAY be worth now?

3 SUMMERFIELDS WAY might now be worth an estimated £193,625.

This is based on house price inflation of 24.5%, between November 2020 and February 2025, for semi-detached 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 24.5% inflationary increase is applied to the most recent sale price for 3 SUMMERFIELDS WAY of £155,500 on 12th November 2020. For the value to have increased from £155,500 to £193,625 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 SUMMERFIELDS WAY has moved in line with the HPI for semi-detached houses in the Erewash local authority area.
• The November 2020 sale price of £155,500 represented a fair market value for the property.
• The size, condition, and specification of 3 SUMMERFIELDS WAY has not materially changed since November 2020.

How Large is 3 SUMMERFIELDS WAY?

3 SUMMERFIELDS WAY is 66m² according to the EPC inspection conducted in April 2011. This puts it in the smallest 20% of semi-detached houses houses in Ilkeston, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Ilkeston, and where 3 SUMMERFIELDS WAY lies on this distribution: 13% of semi-detached houses houses are smaller than 3 SUMMERFIELDS WAY, and 87% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

3 SUMMERFIELDS WAY: Plot and Title Map

3 SUMMERFIELDS WAY sits on a plot of roughly 0.049 of an acre, or 198m². The below map shows the location of 3 SUMMERFIELDS WAY, 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 3 SUMMERFIELDS WAY). 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 3 SUMMERFIELDS WAY?

3 SUMMERFIELDS WAY is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 3 on SUMMERFIELDS WAY.