The average property value in Erewash is £208,549 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Erewash grew by £25,293. Compare house prices by area
Average property prices in Erewash grew by 13.8% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 4.3% per year.
If prices in Erewash continue to rise by 4.3% a year, the average property price will be £247,263 in 2025.
There were 1,731 property sales in Erewash in the year ending June 2021, a decrease of 28 when compared to the previous year.
The average price for a house in Erewash ranges from £140,466 for a terraced house to £310,163 for a detached house, with semi-detached in between costing on average £181,599.
The average price for a flat or maisonette in Erewash is £97,509.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Erewash, semi-detached house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 48.8% from £208,410 to £310,163, semi-detached house prices have risen 53.9% from £117,986 to £181,599, terraced house prices have risen 51.0% from £93,016 to £140,466, and flat prices have risen 10.4% from £88,309 to £97,509.
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The most common type of property sold in Erewash during the year ending June 2021 was semi-detached houses, which accounted for 42.2% of properties.
The least commonly available type of property sold in Erewash were flats, which account for 3.8% of properties sold.
Of the properties sold in Erewash during 2021, 0.0% were new build properties.
The most common price band for property sales in Erewash is £150k - £200k, which accounted for 21.6% of properties sold in 2021.
The cheapest properties in Erewash were in the £50k - £100k price bracket, accounting for 2.9% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics