7, Far Wood Close
7, Far Wood Close
Description & Estimates
7, Far Wood Close, Ilkeston is described in the public record as a modern house with 731 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 7, Far Wood Close, Ilkeston is £192,192 and its rental estimate is £1,066 per month, given the available information and assuming reasonable condition.
Far Wood Close, Ilkeston, DE7 falls within the DE7 postal district, in the borough of Erewash.
Our Data Sources
7, Far Wood Close, Ilkeston has no records in the the Land Registry and a single entry in the EPC database dated August 2021.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 7, Far Wood Close, Ilkeston, we estimate a market value of £201,802 and a rental value of £1,120 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £178,739 and £992 per month respectively.
Recent Market Change
Over the last year, 7, Far Wood Close, Ilkeston has seen its estimated sale value decrease by £6,200 (3.2%) and its estimated rental value grow by £21 per month (1.9%). This results in an estimated gross rental yield of 6.7%.
Energy Efficiency
7, Far Wood Close, Ilkeston has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 25 Aug 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 7, Far Wood Close, Ilkeston have sold within a radius of 530 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 11th September 2024, was 3, Mount Pleasant, Ilkeston, DE7 8QU, a freehold house which sold for £210,000.
Read more about house prices in DE7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 9 addresses on Far Wood Close, Ilkeston, DE7, 7, Far Wood Close, Ilkeston comes out as the 7th largest and the 4th most expensive in our analysis of the public data.
It is also £21k less expensive than the average property across the DE7 district.
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Schools Nearby
- 100mCotmanhay Junior School
- 100mCotmanhay Infant and Nursery School
- 1.0kmGranby Junior School
- 2.2kmOrmiston Ilkeston Enterprise Academy
- 3.2kmKirk Hallam Community Academy
- 3.2kmHall Park Academy
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Public Transport Nearby
From 7, Far Wood Close, Ilkeston, the nearest station is Ilkeston, 1.6 kilometres away.
- 1.6kmIlkeston
- 3.3kmLangley Mill
- 7.6kmBulwell
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
