12, HOLME CLOSE, ILKESTON, DE7 9JS - £223,000

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.

12 HOLME CLOSE is a midsized extended terraced house of 75m², built sometime between 1996 and 2002, which could now be worth an estimated £240,023. It was last sold for £223,000 in July 2022, which was around 39% above the average July 2022 terraced price in the Erewash local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was C.

12 HOLME CLOSE Sold Prices

Land registry data shows four sales for 12 HOLME 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 12 HOLME 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 15 JUL	£223,000	£159,907	39% above HPI
2003 14 MAR	£105,000	£60,299	74% above HPI
2001 30 NOV	£71,950	£42,589	69% above HPI
1996 11 OCT	£59,950	£29,102	106% above HPI

12 HOLME CLOSE 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 four 12 HOLME CLOSE sales between October 1996 and July 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 March 2003 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the July 2022 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 12 HOLME CLOSE be worth now?

12 HOLME CLOSE might now be worth an estimated £240,023.

This is based on house price inflation of 7.6%, between July 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 7.6% inflationary increase is applied to the most recent sale price for 12 HOLME CLOSE of £223,000 on 15th July 2022. For the value to have increased from £223,000 to £240,023 over the four years and two months to May 2026, the following assumptions must hold true:

• The value of 12 HOLME CLOSE has moved in line with the HPI for terraced houses in the Erewash local authority area.
• The July 2022 sale price of £223,000 represented a fair market value for the property.
• The size, condition, and specification of 12 HOLME CLOSE has not materially changed since July 2022.

How Large is 12 HOLME CLOSE?

12 HOLME CLOSE is 75m², which includes three extensions, according to the EPC inspection conducted in March 2022. This puts it in the largest 50% of terraced houses in Ilkeston, based on EPC data. The below chart shows the distribution of terraced houses by size in Ilkeston, and where 12 HOLME CLOSE lies on this distribution: 49% of terraced houses are smaller than 12 HOLME CLOSE, and 48% of terraced houses are larger. Note that EPC data is not available for all properties in Ilkeston.

12 HOLME CLOSE: Plot

12 HOLME CLOSE sits on a plot of roughly 269.5 acres, or 1,090,572m².

Where is 12 HOLME CLOSE?

12 HOLME CLOSE is located in ILKESTON, in the DE7 postcode district. The below map shows the position of No. 12 on HOLME CLOSE.