7, GRESLEY ROAD, ILKESTON, DE7 5LX - £180,000

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.

7 GRESLEY ROAD is a midsized detached house of 92m², built sometime between 1930 and 1949, which could now be worth an estimated £240,110. It was last sold for £180,000 in June 2018, which was around 24% below the average June 2018 detached price in the Erewash local authority area. The most recent EPC inspection was October 2017, where the current energy rating was C, and the potential energy rating was B.

7 GRESLEY ROAD Sold Prices

Land registry data shows two sales for 7 GRESLEY ROAD 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. Both of the two 7 GRESLEY ROAD 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
2018 1 JUN	£180,000	£236,347	24% below HPI
2009 3 AUG	£116,000	£169,327	31% below HPI

7 GRESLEY ROAD 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 7 GRESLEY ROAD sales from August 2009 and June 2018 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 2009 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2018 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 7 GRESLEY ROAD be worth now?

7 GRESLEY ROAD might now be worth an estimated £240,110.

This is based on house price inflation of 33.4%, between June 2018 and June 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 33.4% inflationary increase is applied to the most recent sale price for 7 GRESLEY ROAD of £180,000 on 1st June 2018. For the value to have increased from £180,000 to £240,110 over the seven years to June 2025, the following assumptions must hold true:

• The value of 7 GRESLEY ROAD has moved in line with the HPI for detached houses in the Erewash local authority area.
• The June 2018 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 7 GRESLEY ROAD has not materially changed since June 2018.

How Large is 7 GRESLEY ROAD?

7 GRESLEY ROAD is 92m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 50% 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 7 GRESLEY ROAD lies on this distribution: 42% of detached houses houses are smaller than 7 GRESLEY ROAD, and 55% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

7 GRESLEY ROAD: Plot and Title Map

7 GRESLEY ROAD sits on a plot of roughly 181.2 acres, or 733,338m². The below map shows the location of 7 GRESLEY ROAD, 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 7 GRESLEY ROAD). 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 7 GRESLEY ROAD?

7 GRESLEY ROAD is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 7 on GRESLEY ROAD.