House prices in DE7 5 (Ilkeston)

This article reveals price per square metre data and various charts to help you understand current housing market in Ilkeston (DE7 5).


Defining 'DE7 5'

This analysis is limited to properties whose postcode starts with "DE7 5", 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. The Bungalow, 80a, Derby Road, Ilkeston, sold for £225,000 on Mar-2024. Given the internal area of 73 square metres, the price per sqm is £3,082.

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. £2,350-£2,500, £2,500-£2,650, £2,650-£2,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 271 sales in Ilkeston (DE7 5) 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 5). Of the 271 transactions, half were sold for between £1,570 and £2,480 per square metre. The median, or 'middle', price per square metre in 'DE7 5' is £1,950. Notably, only 25% of properties that sold recently were valued at more than £2,480 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 5' 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 5 (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 5 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
Park Road, Ilkeston, DE7 5D 80 sqm £1,746 26
Station Road, Ilkeston, DE7 5L 92 sqm £1,318 25
Millfield Road, Ilkeston, DE7 5D 81 sqm £1,648 22
Albany Street, Ilkeston, DE7 5A 71 sqm £1,541 21
South Street, Ilkeston, DE7 5Q 59 sqm £1,596 17
Palmerston Road, Ilkeston, DE7 5B 68 sqm £1,741 15
Andrew Avenue, Ilkeston, DE7 5D 68 sqm £2,238 14
Park Drive, Ilkeston, DE7 5N 93 sqm £1,819 14

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
The Bungalow, 80a, Derby Rd, Ilkeston £225,000
Mar-2024
73 3,082
79, Station Rd, Ilkeston £87,500
Mar-2024
96 911
11, Wortley Close, Ilkeston £227,500
Feb-2024
80 2,843

See the entire list of all sales in Ilkeston (DE7 5) 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.