1, LEMA CLOSE, NOTTINGHAM, NG6 9JJ - £240,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 LEMA CLOSE is a very small extended detached house of 77m², built sometime between 1991 and 1995. It was last sold for £240,000 in May 2024, which was around 24% below the average May 2024 detached price in the City of Nottingham local authority area. The most recent EPC inspection was October 2023, where the current energy rating was D, and the potential energy rating was B.

1 LEMA CLOSE Sold Prices

Land registry data shows three sales for 1 LEMA CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the City of Nottingham local authority area for the corresponding sale date. All of the three 1 LEMA CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2024 24 MAY	£240,000	£316,637	24% below HPI
1999 26 NOV	£59,000	£64,547	9% below HPI
1997 4 APR	£53,500	£55,205	3% below HPI

1 LEMA CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Nottingham local authority area over time, sourced from the HPI. The three 1 LEMA CLOSE sales between April 1997 and May 2024 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the November 1999 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the May 2024 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 1 LEMA CLOSE?

1 LEMA CLOSE is 77m², which includes one extension, according to the EPC inspection conducted in October 2023. This puts it in the smallest 20% of detached houses in Nottingham, based on EPC data. The below chart shows the distribution of detached houses by size in Nottingham, and where 1 LEMA CLOSE lies on this distribution: 17% of detached houses are smaller than 1 LEMA CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

1 LEMA CLOSE: Plot and Title Map

1 LEMA CLOSE sits on a plot of roughly 0.105 of an acre, or 424m². The below map shows the location of 1 LEMA CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 LEMA CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 LEMA CLOSE?

1 LEMA CLOSE is located in NOTTINGHAM, in the NG6 postcode district. The below map shows the position of No. 1 on LEMA CLOSE.