6, GADSBY CLOSE, ILKESTON, DE7 4SB - £130,000

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.

6 GADSBY CLOSE is a very small terraced house of 58m², built sometime between 1996 and 2002, which could now be worth an estimated £164,987. It was last sold for £130,000 in June 2020, which was around 1% above the average June 2020 terraced price in the Erewash local authority area. The most recent EPC inspection was June 2018, where the current energy rating was C, and the potential energy rating was B.

6 GADSBY CLOSE Sold Prices

Land registry data shows three sales for 6 GADSBY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Erewash local authority area for the corresponding sale date. All of the three 6 GADSBY CLOSE 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
2020 19 JUN	£130,000	£128,695	1% above HPI
2006 12 JUL	£104,000	£95,625	9% above HPI
2000 23 JUN	£56,950	£36,169	57% above HPI

6 GADSBY CLOSE 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 three 6 GADSBY CLOSE sales between June 2000 and June 2020 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 July 2006 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the June 2020 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 6 GADSBY CLOSE be worth now?

6 GADSBY CLOSE might now be worth an estimated £164,987.

This is based on house price inflation of 26.9%, between June 2020 and June 2025, 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 26.9% inflationary increase is applied to the most recent sale price for 6 GADSBY CLOSE of £130,000 on 19th June 2020. For the value to have increased from £130,000 to £164,987 over the five years to June 2025, the following assumptions must hold true:

• The value of 6 GADSBY CLOSE has moved in line with the HPI for terraced houses in the Erewash local authority area.
• The June 2020 sale price of £130,000 represented a fair market value for the property.
• The size, condition, and specification of 6 GADSBY CLOSE has not materially changed since June 2020.

How Large is 6 GADSBY CLOSE?

6 GADSBY CLOSE is 58m² according to the EPC inspection conducted in June 2018. This puts it in the smallest 10% 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 6 GADSBY CLOSE lies on this distribution: 6% of terraced houses houses are smaller than 6 GADSBY CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

6 GADSBY CLOSE: Plot and Title Map

6 GADSBY CLOSE sits on a plot of roughly 0.031 of an acre, or 126m². The below map shows the location of 6 GADSBY 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 6 GADSBY 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 6 GADSBY CLOSE?

6 GADSBY CLOSE is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 6 on GADSBY CLOSE.