8, THE VALE, ILKESTON, DE7 8PG - £232,000

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.

8 THE VALE is a large detached house of 114m², built sometime between 1983 and 1990, which could now be worth an estimated £397,622. It was last sold for £232,000 in February 2007, which was around 20% above the average February 2007 detached price in the Erewash local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was B.

8 THE VALE Sold Prices

Land registry data shows two sales for 8 THE VALE 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 8 THE VALE 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
2007 9 FEB	£232,000	£192,724	20% above HPI
2007 9 FEB	£232,000	£192,724	20% above HPI

What might 8 THE VALE be worth now?

8 THE VALE might now be worth an estimated £397,622.

This is based on house price inflation of 71.4%, between February 2007 and May 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 71.4% inflationary increase is applied to the most recent sale price for 8 THE VALE of £232,000 on 9th February 2007. For the value to have increased from £232,000 to £397,622 over the eighteen years and nine months to May 2026, the following assumptions must hold true:

• The value of 8 THE VALE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The February 2007 sale price of £232,000 represented a fair market value for the property.
• The size, condition, and specification of 8 THE VALE has not materially changed since February 2007.

How Large is 8 THE VALE?

8 THE VALE is 114m² according to the EPC inspection conducted in February 2014. This puts it in the largest 40% of detached houses in Ilkeston, based on EPC data. The below chart shows the distribution of detached houses by size in Ilkeston, and where 8 THE VALE lies on this distribution: 69% of detached houses are smaller than 8 THE VALE, and 31% of detached houses are larger. Note that EPC data is not available for all properties in Ilkeston.

8 THE VALE: Plot

8 THE VALE sits on a plot of roughly 0.033 of an acre, or 133m².

Where is 8 THE VALE?

8 THE VALE is located in ILKESTON, in the DE7 postcode district.