385, NOTTINGHAM ROAD, ILKESTON, DE7 5BB - £50,000

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.

385 NOTTINGHAM ROAD is a small extended terraced house of 89m², built sometime between 1900 and 1929, which could now be worth an estimated £139,024. It was last sold for £50,000 in April 2003, which was around 19% below the average April 2003 terraced price in the Erewash local authority area. The most recent EPC inspection was January 2014, where the current energy rating was E, and the potential energy rating was C.

385 NOTTINGHAM ROAD Sold Prices

Land registry data shows two sales for 385 NOTTINGHAM ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Erewash local authority area for the corresponding sale date. Both of the two 385 NOTTINGHAM 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
2003 19 APR	£50,000	£61,901	19% below HPI
2002 10 MAY	£30,000	£46,811	36% below HPI

385 NOTTINGHAM ROAD 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 two 385 NOTTINGHAM ROAD sales from May 2002 and April 2003 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 May 2002 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the April 2003 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 385 NOTTINGHAM ROAD be worth now?

385 NOTTINGHAM ROAD might now be worth an estimated £139,024.

This is based on house price inflation of 178%, between April 2003 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 178% inflationary increase is applied to the most recent sale price for 385 NOTTINGHAM ROAD of £50,000 on 19th April 2003. For the value to have increased from £50,000 to £139,024 over the 22 years and eleven months to May 2026, the following assumptions must hold true:

• The value of 385 NOTTINGHAM ROAD has moved in line with the HPI for terraced houses in the Erewash local authority area.
• The April 2003 sale price of £50,000 represented a fair market value for the property.
• The size, condition, and specification of 385 NOTTINGHAM ROAD has not materially changed since April 2003.

How Large is 385 NOTTINGHAM ROAD?

385 NOTTINGHAM ROAD is 89m², which includes two extensions, according to the EPC inspection conducted in January 2014. This puts it in the smallest 40% 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 385 NOTTINGHAM ROAD lies on this distribution: 38% of terraced houses houses are smaller than 385 NOTTINGHAM ROAD, and 61% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

385 NOTTINGHAM ROAD: Plot and Title Map

385 NOTTINGHAM ROAD sits on a plot of roughly 0.025 of an acre, or 103m². The below map shows the location of 385 NOTTINGHAM 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 385 NOTTINGHAM 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 385 NOTTINGHAM ROAD?

385 NOTTINGHAM ROAD is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 385 on NOTTINGHAM ROAD.