2, ARELLA FIELDS CLOSE, STANLEY COMMON, ILKESTON, DE7 6PS - £345,000

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.

2 ARELLA FIELDS CLOSE is a midsized detached house of 118m², built in 2015, which could now be worth an estimated £502,899. It was last sold for £345,000 in January 2017, which was around 55% above the average January 2017 detached price in the Erewash local authority area. The most recent EPC inspection was August 2016, where the current energy rating was B, and the potential energy rating was A.

2 ARELLA FIELDS CLOSE Sold Prices

Land registry data shows one sale for 2 ARELLA FIELDS CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Erewash local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 17 JAN	£345,000	£222,056	55% above HPI

What might 2 ARELLA FIELDS CLOSE be worth now?

2 ARELLA FIELDS CLOSE might now be worth an estimated £502,899.

This is based on house price inflation of 45.8%, between January 2017 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 45.8% inflationary increase is applied to the most recent sale price for 2 ARELLA FIELDS CLOSE of £345,000 on 17th January 2017. For the value to have increased from £345,000 to £502,899 over the eight years and nine months to April 2026, the following assumptions must hold true:

• The value of 2 ARELLA FIELDS CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The January 2017 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ARELLA FIELDS CLOSE has not materially changed since January 2017.

How Large is 2 ARELLA FIELDS CLOSE?

2 ARELLA FIELDS CLOSE is 118m² according to the EPC inspection conducted in August 2016. This puts it in the largest 50% of detached houses in Stanley Common, based on EPC data. The below chart shows the distribution of detached houses by size in Stanley Common, and where 2 ARELLA FIELDS CLOSE lies on this distribution: 49% of detached houses are smaller than 2 ARELLA FIELDS CLOSE, and 48% of detached houses are larger. Note that EPC data is not available for all properties in Stanley Common.

2 ARELLA FIELDS CLOSE: Plot

2 ARELLA FIELDS CLOSE sits on a plot of roughly 0.094 of an acre, or 382m².

Where is 2 ARELLA FIELDS CLOSE?

2 ARELLA FIELDS CLOSE is located in STANLEY COMMON, in the DE7 postcode district.