9, REDBRIDGE CLOSE, ILKESTON, DE7 5BZ - £173,000

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.

9 REDBRIDGE CLOSE is a very small extended terraced house of 69m², built sometime between 2007 and 2011, which could now be worth an estimated £191,641. It was last sold for £173,000 in May 2022, which was around 11% above the average May 2022 terraced price in the Erewash local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

9 REDBRIDGE CLOSE Sold Prices

Land registry data shows four sales for 9 REDBRIDGE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Erewash local authority area for the corresponding sale date. All of the four 9 REDBRIDGE 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
2022 3 MAY	£173,000	£155,372	11% above HPI
2020 25 SEP	£155,000	£129,141	20% above HPI
2017 17 NOV	£139,950	£117,529	19% above HPI
2009 10 DEC	£119,000	£90,596	31% above HPI

9 REDBRIDGE 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 four 9 REDBRIDGE CLOSE sales between December 2009 and May 2022 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 September 2020 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the May 2022 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 9 REDBRIDGE CLOSE be worth now?

9 REDBRIDGE CLOSE might now be worth an estimated £191,641.

This is based on house price inflation of 10.8%, between May 2022 and May 2026, 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 10.8% inflationary increase is applied to the most recent sale price for 9 REDBRIDGE CLOSE of £173,000 on 3rd May 2022. For the value to have increased from £173,000 to £191,641 over the four years to May 2026, the following assumptions must hold true:

• The value of 9 REDBRIDGE CLOSE has moved in line with the HPI for terraced houses in the Erewash local authority area.
• The May 2022 sale price of £173,000 represented a fair market value for the property.
• The size, condition, and specification of 9 REDBRIDGE CLOSE has not materially changed since May 2022.

How Large is 9 REDBRIDGE CLOSE?

9 REDBRIDGE CLOSE is 69m², which includes one extension, according to the EPC inspection conducted in November 2019. This puts it in the smallest 20% 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 9 REDBRIDGE CLOSE lies on this distribution: 15% of terraced houses houses are smaller than 9 REDBRIDGE CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Ilkeston.

9 REDBRIDGE CLOSE: Plot and Title Map

9 REDBRIDGE CLOSE sits on a plot of roughly 0.034 of an acre, or 136m². The below map shows the location of 9 REDBRIDGE 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 9 REDBRIDGE 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 9 REDBRIDGE CLOSE?

9 REDBRIDGE CLOSE is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 9 on REDBRIDGE CLOSE.