5, OAKHAM WAY, ILKESTON, DE7 8TF - £117,000

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 OAKHAM WAY is a very small detached house of 61m², built sometime between 1950 and 1966, which could now be worth an estimated £204,629. It was last sold for £117,000 in January 2014, which was around 36% below the average January 2014 detached price in the Erewash local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was B.

5 OAKHAM WAY Sold Prices

Land registry data shows three sales for 5 OAKHAM WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. All of the three 5 OAKHAM WAY 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
2014 23 JAN	£117,000	£182,395	36% below HPI
2004 19 MAR	£142,000	£159,224	11% below HPI
2003 23 MAY	£100,000	£141,034	29% below HPI

5 OAKHAM WAY 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 three 5 OAKHAM WAY sales between May 2003 and January 2014 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 March 2004 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the January 2014 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 5 OAKHAM WAY be worth now?

5 OAKHAM WAY might now be worth an estimated £204,629.

This is based on house price inflation of 74.9%, between January 2014 and February 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 74.9% inflationary increase is applied to the most recent sale price for 5 OAKHAM WAY of £117,000 on 23rd January 2014. For the value to have increased from £117,000 to £204,629 over the ten years and eleven months to February 2025, the following assumptions must hold true:

• The value of 5 OAKHAM WAY has moved in line with the HPI for detached houses in the Erewash local authority area.
• The January 2014 sale price of £117,000 represented a fair market value for the property.
• The size, condition, and specification of 5 OAKHAM WAY has not materially changed since January 2014.

How Large is 5 OAKHAM WAY?

5 OAKHAM WAY is 61m² according to the EPC inspection conducted in January 2013. This puts it in the smallest 10% 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 5 OAKHAM WAY lies on this distribution: 9% of detached houses houses are smaller than 5 OAKHAM WAY, and 90% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

5 OAKHAM WAY: Plot and Title Map

5 OAKHAM WAY sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 5 OAKHAM WAY, 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 OAKHAM WAY). 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 OAKHAM WAY?

5 OAKHAM WAY is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 5 on OAKHAM WAY.