House prices in DE7 4 (Ilkeston)

This article reveals price per square metre data and various charts to help you understand current housing market in 'DE7 4' (Ilkeston) - statistics were last calculated on 30 June 2024.

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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.

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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. 29, Glendon Road, Ilkeston, sold for £157,500 on May-2024. Given the internal area of 82 square metres, the price per sqm is £1,920.

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 246 sales in Ilkeston (DE7 4) that took place in the last two years.

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 246 transactions, half were sold for between £1,960 and £2,930 per square metre. The median, or 'middle', price per square metre in 'DE7 4' is £2,420. Notably, only 25% of properties that sold recently were valued at more than £2,930 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	£1,960 sqm	£2,420 sqm	£2,930 sqm
DE7 8 Ilkeston	£1,530 sqm	£1,760 sqm	£2,280 sqm
DE7 6 West Hallam	£2,460 sqm	£2,930 sqm	£3,410 sqm
DE7 5 Ilkeston	£1,550 sqm	£1,930 sqm	£2,460 sqm
DE7 9 Ilkeston	£2,800 sqm	£3,000 sqm	£3,210 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.

Download time series data as CSV (paying users only).

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.

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	£2,486	28
Kingsway, Ilkeston, DE7 4D	90 sqm	£1,843	26
Kingston Avenue, Ilkeston, DE7 4B	79 sqm	£1,887	25
Wirksworth Road, Ilkeston, DE7 4G	79 sqm	£2,038	25
Corporation Road, Ilkeston, DE7 4A	86 sqm	£1,871	24
St Norbert Drive, Ilkeston, DE7 4E	85 sqm	£1,861	22
Little Hallam Lane, Ilkeston, DE7 4A	81 sqm	£1,708	21
Godfrey Drive, Ilkeston, DE7 4H	80 sqm	£2,071	20

Search for your street here.

New build activity

Street	Avg size	Avg £sqm	New build sales
Slater Way, Ilkeston, DE7 4S	86 sqm	£2,298	10

Slater Way, Ilkeston, DE7 4S has seen 10 new build sales in the last 4 years (average price £208,842). These new build homes typically have an internal area of 86 sqm, with an average price of £2,298 sqm. This £sqm average is £-122 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.

Address	Paid	sqm	£/sqm
29, Glendon Rd, Ilkeston	£157,500 May-2024	82	1,920
6, Devon St, Ilkeston	£126,500 May-2024	72	1,756
37, Ridgeway Drive, Ilkeston	£375,000 Apr-2024	131	2,862

See the entire list of all sales in Ilkeston (DE7 4) here.