# DE7 5BW Area Summary
## Property Market Overview
DE7 5BW covers part of Ilkeston in Derbyshire, a traditional market town situated between Nottingham and Derby. With 60 properties sampled and an average price of £129,034, this area represents excellent value for money compared to the wider East Midlands market. The postcode sector appeals primarily to first-time buyers, young families, and investors seeking affordable housing options within commuting distance of major employment centres in Derby and Nottingham.
The property market here is characterised by predominantly terraced housing and semi-detached properties built during the Victorian and Interwar periods, alongside some post-war developments. The relatively low average price point reflects Ilkeston's working-class heritage and its position as an affordable alternative to more expensive neighbouring areas. The town benefits from good transport links via the A52 and local bus services, whilst the Nottingham Express Transit tram extension to Ilkeston has improved connectivity, potentially supporting future price growth. This area offers solid prospects for rental yields and represents accessible entry to the property ladder for budget-conscious buyers.
The average house price in DE7 5BW, Ilkeston is £129,034. Prices range from £90,000 to £260,000.
There are 60 properties in DE7 5BW, Ilkeston.
DE7 5BW contains 37 flat / maisonette properties, 13 semi-detached properties, 8 terraced properties, 1 other properties.
Average house prices in DE7 5BW have risen by 55.7% from £120,432 in 2006 to £187,500 in 2024.
DE7 5BW is located in Ilkeston, Derbyshire, England.