10, MEREVALE CLOSE, LOWDHAM, NOTTINGHAM, NG14 7AA - £425,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

10 MEREVALE CLOSE is a midsized detached house of 121m², built sometime between 1991 and 1995. It was last sold for £425,000 in September 2022, which was around 26% above the average September 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was C.

10 MEREVALE CLOSE Sold Prices

Land registry data shows two sales for 10 MEREVALE 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 Newark and Sherwood local authority area for the corresponding sale date. Both of the two 10 MEREVALE CLOSE sales were 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
2022 1 SEP	£425,000	£337,059	26% above HPI
2003 20 AUG	£235,000	£169,610	39% above HPI

10 MEREVALE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The two 10 MEREVALE CLOSE sales from August 2003 and September 2022 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 August 2003 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the September 2022 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is 10 MEREVALE CLOSE?

10 MEREVALE CLOSE is 121m² according to the EPC inspection conducted in May 2022. This puts it in the largest 50% of detached houses in Lowdham, based on EPC data. The below chart shows the distribution of detached houses by size in Lowdham, and where 10 MEREVALE CLOSE lies on this distribution: 49% of detached houses are smaller than 10 MEREVALE CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Lowdham.

10 MEREVALE CLOSE: Plot and Title Map

10 MEREVALE CLOSE sits on a plot of roughly 0.167 of an acre, or 677m². The below map shows the location of 10 MEREVALE 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 10 MEREVALE 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 10 MEREVALE CLOSE?

10 MEREVALE CLOSE is located in LOWDHAM, in the NG14 postcode district. The below map shows the position of No. 10 on MEREVALE CLOSE.