# DE7 8RJ Area Summary
The DE7 8RJ postcode covers part of Ilkeston in Derbyshire, a traditional market town situated between Nottingham and Derby. This area represents an affordable segment of the East Midlands property market, with 69 properties averaging £118,993 – significantly below both regional and national averages. This price point makes it particularly attractive for first-time buyers, investors seeking rental yields, and those looking to maximize space on a modest budget.
The sub-£120,000 average indicates a market dominated by terraced houses and smaller semi-detached properties, typical of Ilkeston's Victorian and post-war housing stock. The area benefits from good transport links via the A609 and proximity to the M1 motorway, making it viable for commuters to Nottingham and Derby. Whilst property values here remain relatively modest, the affordability factor continues to draw interest from buyers priced out of neighbouring cities, and the town has seen gradual regeneration efforts in recent years aimed at improving local amenities and connectivity.
The average house price in DE7 8RJ, Ilkeston is £118,993. Prices range from £47,000 to £465,000.
There are 69 properties in DE7 8RJ, Ilkeston.
DE7 8RJ contains 61 detached properties, 8 semi-detached properties.
Average house prices in DE7 8RJ have risen by 524.5% from £74,464 in 1995 to £465,000 in 2024.
DE7 8RJ is located in Ilkeston, Derbyshire, England.