Mortgages · Ilkeston

Mortgages in Ilkeston. The typical home needs £21,851 down.

The average home in Ilkeston (the Erewash area) is £218,506 in the UK House Price Index for August 2026, up 1.4% on a year earlier. With a 10% deposit of £21,851, you would borrow £196,655.

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Mortgages in Ilkeston: a Homie illustration

£218,506average home, UK HPI
£21,85110% deposit
£43,701household income at 4.5× the loan
£0stamp duty for a first-time buyer

The short answer

Mortgages in Ilkeston, in 30 seconds

The price: The average home in Ilkeston is £218,506.
The deposit: 10% is £21,851. 5% deposit mortgages exist, but the rates are higher.
The income: Many lenders cap borrowing at around 4.5 times income, so a £196,655 loan needs roughly £43,701 a year, alone or jointly.
The advice: A free consultation with a specialist adviser looks at deals across the market for your own numbers.

Ten years of prices

Ilkeston house prices since 2016

From £143,950 to £218,506. Up 16.5% over five years.

Average price each year to August 2026, Erewash.

Nearby

How Ilkeston compares with its neighbours

Average home in each council area, with the change over five years.

Buxton £265,635+26.1%
Belper £232,141+19.5%
Ilkeston £218,506+16.5%
Derby £210,076+17.3%
Chesterfield £202,519+14.3%

FAQ

Mortgages in Ilkeston: your questions

How much deposit do I need to buy in Ilkeston?

At the average price of £218,506, a 10% deposit is £21,851 and 5% is £10,925. A bigger deposit usually unlocks lower rates.

What salary do I need for a mortgage in Ilkeston?

With 10% down on the average home, the loan is £196,655. At 4.5 times income that means around £43,701 a year. Each lender sets its own limits, so treat this as a starting point.

Have Ilkeston house prices gone up?

Over five years the average home is up 16.5%, and over the last year it is up 1.4%.

How do Ilkeston house prices compare with nearby towns?

The average home in Ilkeston is £218,506. It costs more in Buxton (£265,635) and Belper (£232,141). It costs less in Derby (£210,076) and Chesterfield (£202,519).

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