37, HEDINGHAM CLOSE, ILKESTON, DE7 5HR - £125,000

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.

37 HEDINGHAM CLOSE is a very small terraced house of 55m², built sometime between 2003 and 2006, which could now be worth an estimated £204,635. It was last sold for £125,000 in March 2016, which was around 19% above the average March 2016 terraced price in the Erewash local authority area. The most recent EPC inspection was May 2013, where the current energy rating was C, and the potential energy rating was B.

37 HEDINGHAM CLOSE Sold Prices

Land registry data shows four sales for 37 HEDINGHAM CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Erewash local authority area for the corresponding sale date. All of the four 37 HEDINGHAM 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
2016 24 MAR	£125,000	£105,135	19% above HPI
2013 8 NOV	£110,500	£89,941	23% above HPI
2007 2 MAR	£119,000	£100,290	19% above HPI
2006 22 MAR	£119,950	£89,001	35% above HPI

37 HEDINGHAM 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 four 37 HEDINGHAM CLOSE sales between March 2006 and March 2016 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 2013 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the March 2016 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 37 HEDINGHAM CLOSE be worth now?

37 HEDINGHAM CLOSE might now be worth an estimated £204,635.

This is based on house price inflation of 63.7%, between March 2016 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 63.7% inflationary increase is applied to the most recent sale price for 37 HEDINGHAM CLOSE of £125,000 on 24th March 2016. For the value to have increased from £125,000 to £204,635 over the nine years and ten months to May 2026, the following assumptions must hold true:

• The value of 37 HEDINGHAM CLOSE has moved in line with the HPI for terraced houses in the Erewash local authority area.
• The March 2016 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 37 HEDINGHAM CLOSE has not materially changed since March 2016.

How Large is 37 HEDINGHAM CLOSE?

37 HEDINGHAM CLOSE is 55m² according to the EPC inspection conducted in May 2013. This puts it in the smallest 10% 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 37 HEDINGHAM CLOSE lies on this distribution: 5% of terraced houses houses are smaller than 37 HEDINGHAM CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

37 HEDINGHAM CLOSE: Plot and Title Map

37 HEDINGHAM CLOSE sits on a plot of roughly 0.064 of an acre, or 257m². The below map shows the location of 37 HEDINGHAM 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 37 HEDINGHAM 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 37 HEDINGHAM CLOSE?

37 HEDINGHAM CLOSE is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 37 on HEDINGHAM CLOSE.