11, LOCK LANE, SANDIACRE, NOTTINGHAM, NG10 5LA - £275,000

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

11 LOCK LANE is a midsized extended detached house of 95m², built sometime between 1967 and 1975. It was last sold for £275,000 in July 2004, which was around 65% above the average July 2004 detached price in the Erewash local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was C.

11 LOCK LANE Sold Prices

Land registry data shows two sales for 11 LOCK LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. Both of the two 11 LOCK LANE 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
2004 2 JUL	£275,000	£167,089	65% above HPI
1998 31 JUL	£76,000	£68,879	10% above HPI

11 LOCK LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Erewash local authority area over time, sourced from the HPI. The two 11 LOCK LANE sales from July 1998 and July 2004 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 July 1998 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the July 2004 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

How Large is 11 LOCK LANE?

11 LOCK LANE is 95m², which includes two extensions, according to the EPC inspection conducted in May 2021. This puts it in the smallest 50% of detached houses in Sandiacre, based on EPC data. The below chart shows the distribution of detached houses by size in Sandiacre, and where 11 LOCK LANE lies on this distribution: 43% of detached houses are smaller than 11 LOCK LANE, and 55% of houses are larger. Note that EPC data is not available for all properties in Sandiacre.

11 LOCK LANE: Plot and Title Map

11 LOCK LANE sits on a plot of roughly 0.162 of an acre, or 654m². The below map shows the location of 11 LOCK LANE, 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 11 LOCK LANE). 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 11 LOCK LANE?

11 LOCK LANE is located in SANDIACRE, in the NG10 postcode district. The below map shows the position of No. 11 on LOCK LANE.