5, ARELLA FIELDS CLOSE, STANLEY COMMON, ILKESTON, DE7 6PS - £234,000

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.

5 ARELLA FIELDS CLOSE is a small detached house of 96m², built in 2015, which could now be worth an estimated £324,950. It was last sold for £234,000 in October 2017, which was about the average October 2017 detached price in the Erewash local authority area. The most recent EPC inspection was February 2016, where the current energy rating was B, and the potential energy rating was A.

5 ARELLA FIELDS CLOSE Sold Prices

Land registry data shows two sales for 5 ARELLA FIELDS CLOSE 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. One of the two 5 ARELLA FIELDS CLOSE sales was roughly equal to the average price, whilst the other was 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
2017 12 OCT	£234,000	£233,090	Close to HPI
2016 10 FEB	£199,995	£211,876	6% below HPI

5 ARELLA FIELDS CLOSE 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 5 ARELLA FIELDS CLOSE sales from February 2016 and October 2017 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 February 2016 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the October 2017 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 5 ARELLA FIELDS CLOSE be worth now?

5 ARELLA FIELDS CLOSE might now be worth an estimated £324,950.

This is based on house price inflation of 38.9%, between October 2017 and April 2026, 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 38.9% inflationary increase is applied to the most recent sale price for 5 ARELLA FIELDS CLOSE of £234,000 on 12th October 2017. For the value to have increased from £234,000 to £324,950 over the nine years and six months to April 2026, the following assumptions must hold true:

• The value of 5 ARELLA FIELDS CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The October 2017 sale price of £234,000 represented a fair market value for the property.
• The size, condition, and specification of 5 ARELLA FIELDS CLOSE has not materially changed since October 2017.

How Large is 5 ARELLA FIELDS CLOSE?

5 ARELLA FIELDS CLOSE is 96m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 40% of detached houses houses in Stanley Common, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stanley Common, and where 5 ARELLA FIELDS CLOSE lies on this distribution: 32% of detached houses houses are smaller than 5 ARELLA FIELDS CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Stanley Common.

5 ARELLA FIELDS CLOSE: Plot and Title Map

5 ARELLA FIELDS CLOSE sits on a plot of roughly 0.076 of an acre, or 309m². The below map shows the location of 5 ARELLA FIELDS 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 5 ARELLA FIELDS 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 5 ARELLA FIELDS CLOSE?

5 ARELLA FIELDS CLOSE is located in STANLEY COMMON, in the DE7 postcode district. The below map shows the position of No. 5 on ARELLA FIELDS CLOSE.