1, OAKES CLOSE, LANGLEY MILL, NOTTINGHAM, NG16 4HU - £265,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 OAKES CLOSE is a midsized detached house of 95m², which could now be worth an estimated £291,882. It was last sold for £265,000 in May 2024, which was around 14% below the average May 2024 detached price in the Amber Valley local authority area. The most recent EPC inspection was March 2019, where the current energy rating was B, and the potential energy rating was A.

1 OAKES CLOSE Sold Prices

Land registry data shows two sales for 1 OAKES CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. Both of the two 1 OAKES 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 3 MAY	£265,000	£308,579	14% below HPI
2019 26 APR	£234,950	£246,174	5% below HPI

1 OAKES CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Amber Valley local authority area over time, sourced from the HPI. The two 1 OAKES CLOSE sales from April 2019 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 April 2019 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the May 2024 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 1 OAKES CLOSE be worth now?

1 OAKES CLOSE might now be worth an estimated £291,882.

This is based on house price inflation of 10.1%, between May 2024 and February 2025, for detached houses, in the Amber Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.1% inflationary increase is applied to the most recent sale price for 1 OAKES CLOSE of £265,000 on 3rd May 2024. For the value to have increased from £265,000 to £291,882 over the one year and three months to February 2025, the following assumptions must hold true:

• The value of 1 OAKES CLOSE has moved in line with the HPI for detached houses in the Amber Valley local authority area.
• The May 2024 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 1 OAKES CLOSE has not materially changed since May 2024.

How Large is 1 OAKES CLOSE?

1 OAKES CLOSE is 95m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 50% of detached houses houses in Heanor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heanor, and where 1 OAKES CLOSE lies on this distribution: 43% of detached houses houses are smaller than 1 OAKES CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Heanor.

1 OAKES CLOSE: Plot and Title Map

1 OAKES CLOSE sits on a plot of roughly 0.057 of an acre, or 232m². The below map shows the location of 1 OAKES 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 OAKES 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 OAKES CLOSE?

1 OAKES CLOSE is located in LANGLEY MILL, in the NG16 postcode district. The below map shows the position of No. 1 on OAKES CLOSE.