11, ELEY CLOSE, ILKESTON, DE7 9JU - £78,000

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.

11 ELEY CLOSE is a detached house, which could now be worth an estimated £297,033. It was last sold for £78,000 in April 2001, which was around 8% below the average April 2001 detached price in the Erewash local authority area.

11 ELEY CLOSE Sold Prices

Land registry data shows two sales for 11 ELEY CLOSE 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. One of the two 11 ELEY CLOSE sales was for below the average price, whilst the other was 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
2001 6 APR	£78,000	£84,999	8% below HPI
1997 23 MAY	£73,950	£65,644	13% above HPI

What might 11 ELEY CLOSE be worth now?

11 ELEY CLOSE might now be worth an estimated £297,033.

This is based on house price inflation of 280.8%, between April 2001 and April 2026, 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 280.8% inflationary increase is applied to the most recent sale price for 11 ELEY CLOSE of £78,000 on 6th April 2001. For the value to have increased from £78,000 to £297,033 over the 25 years to April 2026, the following assumptions must hold true:

• The value of 11 ELEY CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The April 2001 sale price of £78,000 represented a fair market value for the property.
• The size, condition, and specification of 11 ELEY CLOSE has not materially changed since April 2001.

Where is 11 ELEY CLOSE?

11 ELEY CLOSE is located in ILKESTON, in the DE7 postcode district.