# House prices in DE7 4 (Ilkeston)

## Defining 'DE7 4'

This analysis is limited to properties whose postcode starts with "DE7 4", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Ilkeston.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square metre

Knowing the average house price in Ilkeston is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area
E.g. 48, Little Hallam Lane, Ilkeston, sold for £72,000 on Mar-2024. Given the internal area of 66 square metres, the price per sqm is £1,090.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 248 sales in Ilkeston (DE7 4) that took place in the last two years.

##### Distribution of £ per sqm for Ilkeston
Distribution of £ per sqm house prices in Ilkeston

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Ilkeston (DE7 4). Of the 248 transactions, half were sold for between £1,970 and £2,920 per square metre. The median, or 'middle', price per square metre in 'DE7 4' is £2,390. Notably, only 25% of properties that sold recently were valued at more than £2,920 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Ilkeston

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Ilkeston. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Ilkeston

## Comparison with neighbouring postcode sectors

The table below shows how 'DE7 4' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
DE7 4 Ilkeston £1,970 sqm £2,390 sqm £2,920 sqm
DE7 8 Ilkeston £1,540 sqm £1,770 sqm £2,370 sqm
DE7 6 West Hallam £2,490 sqm £2,940 sqm £3,360 sqm
DE7 5 Ilkeston £1,570 sqm £1,950 sqm £2,480 sqm
DE7 9 Ilkeston £2,790 sqm £2,970 sqm £3,180 sqm

## Will Ilkeston house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for DE7 4 (Ilkeston) compared with both the wider area DE7 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Ilkeston,Ilkeston
House price trends for Ilkeston

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent DE7 4 sales
Recent trends for Ilkeston

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Ilkeston to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Ilkeston and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

## Street level data

Street Avg size Avg £sqm Recent sales
Malthouse Road, Ilkeston, DE7 4P 69 sqm £2,466 28
Kingston Avenue, Ilkeston, DE7 4B 79 sqm £1,833 27
Wirksworth Road, Ilkeston, DE7 4G 79 sqm £2,038 25
Corporation Road, Ilkeston, DE7 4A 86 sqm £1,837 25
Kingsway, Ilkeston, DE7 4D 90 sqm £1,832 25
St Norbert Drive, Ilkeston, DE7 4E 85 sqm £1,840 23
Godfrey Drive, Ilkeston, DE7 4H 80 sqm £2,041 21
Little Hallam Lane, Ilkeston, DE7 4A 81 sqm £1,699 20

## New build activity

Street Avg size Avg £sqm New build sales
Slater Way, Ilkeston, DE7 4S 86 sqm £2,297 11

Slater Way, Ilkeston, DE7 4S has seen 11 new build sales in the last 4 years (average price £209,044). These new build homes typically have an internal area of 86 sqm, with an average price of £2,297 sqm. This £sqm average is £-93 below the average for DE7 4. New builds typically command a £ per sqm premium. In the case of Slater Way the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

## Raw data

Our analysis of Ilkeston is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.