40, REDBRIDGE CLOSE, ILKESTON, DE7 5BZ - £175,500

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.

40 REDBRIDGE CLOSE is a very small semi-detached house of 71m², built sometime between 2007 and 2011, which could now be worth an estimated £219,689. It was last sold for £175,500 in February 2021, which was about the average February 2021 semi-detached price in the Erewash local authority area. The most recent EPC inspection was April 2017, where the current energy rating was C, and the potential energy rating was B.

40 REDBRIDGE CLOSE Sold Prices

Land registry data shows three sales for 40 REDBRIDGE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Erewash local authority area for the corresponding sale date. The three 40 REDBRIDGE CLOSE sales were a mix of roughly equal to the average price, above the average price, and 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
2021 5 FEB	£175,500	£176,357	Close to HPI
2017 11 AUG	£139,950	£148,159	6% below HPI
2012 29 JUN	£115,000	£110,753	4% above HPI

40 REDBRIDGE CLOSE 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 three 40 REDBRIDGE CLOSE sales between June 2012 and February 2021 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 August 2017 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2021 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 40 REDBRIDGE CLOSE be worth now?

40 REDBRIDGE CLOSE might now be worth an estimated £219,689.

This is based on house price inflation of 25.2%, between February 2021 and May 2026, 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 25.2% inflationary increase is applied to the most recent sale price for 40 REDBRIDGE CLOSE of £175,500 on 5th February 2021. For the value to have increased from £175,500 to £219,689 over the four years and nine months to May 2026, the following assumptions must hold true:

• The value of 40 REDBRIDGE CLOSE has moved in line with the HPI for semi-detached houses in the Erewash local authority area.
• The February 2021 sale price of £175,500 represented a fair market value for the property.
• The size, condition, and specification of 40 REDBRIDGE CLOSE has not materially changed since February 2021.

How Large is 40 REDBRIDGE CLOSE?

40 REDBRIDGE CLOSE is 71m² according to the EPC inspection conducted in April 2017. 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 40 REDBRIDGE CLOSE lies on this distribution: 17% of semi-detached houses houses are smaller than 40 REDBRIDGE CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

40 REDBRIDGE CLOSE: Plot and Title Map

40 REDBRIDGE CLOSE sits on a plot of roughly 0.033 of an acre, or 132m². The below map shows the location of 40 REDBRIDGE 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 40 REDBRIDGE 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 40 REDBRIDGE CLOSE?

40 REDBRIDGE CLOSE is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 40 on REDBRIDGE CLOSE.