5, RIDGEWAY DRIVE, ILKESTON, DE7 4JP - £222,500

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.

5 RIDGEWAY DRIVE is a midsized extended semi-detached house of 93m², built sometime between 1967 and 1975, which could now be worth an estimated £258,310. It was last sold for £222,500 in December 2021, which was around 17% above the average December 2021 semi-detached price in the Erewash local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

5 RIDGEWAY DRIVE Sold Prices

Land registry data shows two sales for 5 RIDGEWAY DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Erewash local authority area for the corresponding sale date. Both of the two 5 RIDGEWAY DRIVE 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
2021 10 DEC	£222,500	£190,157	17% above HPI
2015 26 JUN	£135,000	£131,991	2% above HPI

5 RIDGEWAY DRIVE 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 two 5 RIDGEWAY DRIVE sales from June 2015 and December 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 June 2015 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the December 2021 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 5 RIDGEWAY DRIVE be worth now?

5 RIDGEWAY DRIVE might now be worth an estimated £258,310.

This is based on house price inflation of 16.1%, between December 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 16.1% inflationary increase is applied to the most recent sale price for 5 RIDGEWAY DRIVE of £222,500 on 10th December 2021. For the value to have increased from £222,500 to £258,310 over the five years and seven months to May 2026, the following assumptions must hold true:

• The value of 5 RIDGEWAY DRIVE has moved in line with the HPI for semi-detached houses in the Erewash local authority area.
• The December 2021 sale price of £222,500 represented a fair market value for the property.
• The size, condition, and specification of 5 RIDGEWAY DRIVE has not materially changed since December 2021.

How Large is 5 RIDGEWAY DRIVE?

5 RIDGEWAY DRIVE is 93m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the smallest 50% 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 5 RIDGEWAY DRIVE lies on this distribution: 45% of semi-detached houses houses are smaller than 5 RIDGEWAY DRIVE, and 54% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

5 RIDGEWAY DRIVE: Plot and Title Map

5 RIDGEWAY DRIVE sits on a plot of roughly 0.062 of an acre, or 252m². The below map shows the location of 5 RIDGEWAY DRIVE, 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 RIDGEWAY DRIVE). 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 RIDGEWAY DRIVE?

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