32, GRESLEY ROAD, ILKESTON, DE7 5LX - £235,000

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.

32 GRESLEY ROAD is a small detached house of 88m², built sometime between 1930 and 1949, which could now be worth an estimated £282,342. It was last sold for £235,000 in October 2020, which was around 10% below the average October 2020 detached price in the Erewash local authority area. The most recent EPC inspection was August 2020, where the current energy rating was E, and the potential energy rating was B.

32 GRESLEY ROAD Sold Prices

Land registry data shows two sales for 32 GRESLEY ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. Both of the two 32 GRESLEY 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
2020 2 OCT	£235,000	£261,550	10% below HPI
1996 6 SEP	£52,500	£63,176	17% below HPI

32 GRESLEY ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Erewash local authority area over time, sourced from the HPI. The two 32 GRESLEY ROAD sales from September 1996 and October 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 1996 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the October 2020 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 32 GRESLEY ROAD be worth now?

32 GRESLEY ROAD might now be worth an estimated £282,342.

This is based on house price inflation of 20.1%, between October 2020 and March 2025, for 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 20.1% inflationary increase is applied to the most recent sale price for 32 GRESLEY ROAD of £235,000 on 2nd October 2020. For the value to have increased from £235,000 to £282,342 over the five years and seven months to March 2025, the following assumptions must hold true:

• The value of 32 GRESLEY ROAD has moved in line with the HPI for detached houses in the Erewash local authority area.
• The October 2020 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 32 GRESLEY ROAD has not materially changed since October 2020.

How Large is 32 GRESLEY ROAD?

32 GRESLEY ROAD is 88m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 40% of detached houses houses in Ilkeston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ilkeston, and where 32 GRESLEY ROAD lies on this distribution: 37% of detached houses houses are smaller than 32 GRESLEY ROAD, and 62% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

32 GRESLEY ROAD: Plot and Title Map

32 GRESLEY ROAD sits on a plot of roughly 0.059 of an acre, or 240m². The below map shows the location of 32 GRESLEY 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 32 GRESLEY 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 32 GRESLEY ROAD?

32 GRESLEY ROAD is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 32 on GRESLEY ROAD.