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 'DE7 5' (Ilkeston) - statistics were last calculated on 30 June 2024.

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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.

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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. 47, Millfield Road, Ilkeston, sold for £152,000 on May-2024. Given the internal area of 79 square metres, the price per sqm is £1,924.

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 263 sales in Ilkeston (DE7 5) 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 5). Of the 263 transactions, half were sold for between £1,550 and £2,460 per square metre. The median, or 'middle', price per square metre in 'DE7 5' is £1,930. Notably, only 25% of properties that sold recently were valued at more than £2,460 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 5' 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 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.

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
Station Road, Ilkeston, DE7 5L	93 sqm	£1,310	26
Park Road, Ilkeston, DE7 5D	80 sqm	£1,716	25
Millfield Road, Ilkeston, DE7 5D	81 sqm	£1,667	22
Albany Street, Ilkeston, DE7 5A	71 sqm	£1,541	21
Orchard Street, Ilkeston, DE7 5N	75 sqm	£1,505	15
Palmerston Road, Ilkeston, DE7 5B	68 sqm	£1,741	15
Park Drive, Ilkeston, DE7 5N	93 sqm	£1,813	15
Nottingham Road, Ilkeston, DE7 5A	79 sqm	£1,551	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
47, Millfield Rd, Ilkeston	£152,000 May-2024	79	1,924
25, Orchard St, Ilkeston	£117,500 Apr-2024	70	1,678
18, Redbridge Close, Ilkeston	£210,000 Mar-2024	95	2,210

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