1, THE CLOSE, NOTTINGHAM, NG5 3DB - £108,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 THE CLOSE is a small semi-detached house of 90m², built sometime between 1900 and 1929, which could now be worth an estimated £197,582. It was last sold for £108,000 in December 2006, which was around 8% below the average December 2006 semi-detached price in the City of Nottingham local authority area. The most recent EPC inspection was December 2014, where the current energy rating was E, and the potential energy rating was B.

1 THE CLOSE Sold Prices

Land registry data shows three sales for 1 THE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the City of Nottingham local authority area for the corresponding sale date. Two of the three 1 THE CLOSE sales were for below the average price, whilst one was for above 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
2006 18 DEC	£108,000	£117,793	8% below HPI
1997 23 MAY	£42,000	£41,700	1% above HPI
1996 17 MAY	£37,500	£39,219	4% below HPI

1 THE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the City of Nottingham local authority area over time, sourced from the HPI. The three 1 THE CLOSE sales between May 1996 and December 2006 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 May 1997 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the December 2006 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 1 THE CLOSE be worth now?

1 THE CLOSE might now be worth an estimated £197,582.

This is based on house price inflation of 82.9%, between December 2006 and February 2025, for semi-detached houses, in the City of Nottingham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 82.9% inflationary increase is applied to the most recent sale price for 1 THE CLOSE of £108,000 on 18th December 2006. For the value to have increased from £108,000 to £197,582 over the nineteen years and ten months to February 2025, the following assumptions must hold true:

• The value of 1 THE CLOSE has moved in line with the HPI for semi-detached houses in the City of Nottingham local authority area.
• The December 2006 sale price of £108,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE CLOSE has not materially changed since December 2006.

How Large is 1 THE CLOSE?

1 THE CLOSE is 90m² according to the EPC inspection conducted in December 2014. This puts it in the smallest 40% of semi-detached houses houses in Nottingham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Nottingham, and where 1 THE CLOSE lies on this distribution: 33% of semi-detached houses houses are smaller than 1 THE CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

1 THE CLOSE: Plot and Title Map

1 THE CLOSE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 1 THE 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 THE 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 THE CLOSE?

1 THE CLOSE is located in NOTTINGHAM, in the NG5 postcode district. The below map shows the position of No. 1 on THE CLOSE.