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 04 October 2024.


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 to change 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. 25, Ridgeway Drive, Ilkeston, sold for £227,000 on Jul-2024. Given the internal area of 84 square metres, the price per sqm is £2,702.

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 232 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

Generate a custom chart like the one above but based on your own criteria.

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 232 transactions, half were sold for between £2,030 and £2,920 per square metre. The median, or 'middle', price per square metre in 'DE7 4' is £2,430. 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.

Property price heatmap for Ilkeston
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 5 Ilkeston £1,670 sqm £2,010 sqm £2,530 sqm
DE7 9 Ilkeston £2,800 sqm £3,030 sqm £3,240 sqm
DE7 6 West Hallam £2,420 sqm £2,890 sqm £3,400 sqm
DE7 4 Ilkeston £2,030 sqm £2,430 sqm £2,920 sqm
DE7 8 Ilkeston £1,570 sqm £1,790 sqm £2,290 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

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.

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
Wirksworth Road, Ilkeston, DE7 4G 79 sqm £2,120 23
Malthouse Road, Ilkeston, DE7 4P 69 sqm £2,582 22
Kingston Avenue, Ilkeston, DE7 4B 79 sqm £2,009 20
St Norbert Drive, Ilkeston, DE7 4E 84 sqm £1,938 20
Godfrey Drive, Ilkeston, DE7 4H 80 sqm £2,141 20
Kingsway, Ilkeston, DE7 4D 91 sqm £1,984 19
Corporation Road, Ilkeston, DE7 4A 87 sqm £1,935 19
Ladywood Road, Ilkeston, DE7 4N 90 sqm £2,333 16

Search for your street here.

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
25, Ridgeway Drive, Ilkeston £227,000
Jul-2024
84 2,702
40, Malthouse Rd, Ilkeston £215,000
Jul-2024
68 3,161
49, Wyndale Drive, Ilkeston £182,000
Jul-2024
55 3,309

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

About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.