11, LODGE CLOSE, REDHILL, NOTTINGHAM, NG5 8NZ - £178,000

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.

11 LODGE CLOSE is a small extended detached house of 92m², built sometime between 1967 and 1975, which could now be worth an estimated £255,714. It was last sold for £178,000 in June 2018, which was around 32% below the average June 2018 detached price in the Gedling local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was C.

11 LODGE CLOSE Sold Prices

Land registry data shows three sales for 11 LODGE 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 Gedling local authority area for the corresponding sale date. All of the three 11 LODGE 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
2018 22 JUN	£178,000	£260,288	32% below HPI
2005 13 JUN	£137,000	£199,423	31% below HPI
2001 11 DEC	£73,000	£121,398	40% below HPI

11 LODGE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gedling local authority area over time, sourced from the HPI. The three 11 LODGE CLOSE sales between December 2001 and June 2018 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 June 2005 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2018 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 11 LODGE CLOSE be worth now?

11 LODGE CLOSE might now be worth an estimated £255,714.

This is based on house price inflation of 43.7%, between June 2018 and February 2025, for detached houses, in the Gedling local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 43.7% inflationary increase is applied to the most recent sale price for 11 LODGE CLOSE of £178,000 on 22nd June 2018. For the value to have increased from £178,000 to £255,714 over the seven years and four months to February 2025, the following assumptions must hold true:

• The value of 11 LODGE CLOSE has moved in line with the HPI for detached houses in the Gedling local authority area.
• The June 2018 sale price of £178,000 represented a fair market value for the property.
• The size, condition, and specification of 11 LODGE CLOSE has not materially changed since June 2018.

How Large is 11 LODGE CLOSE?

11 LODGE CLOSE is 92m², which includes two extensions, according to the EPC inspection conducted in May 2014. This puts it in the smallest 30% of detached houses houses in Arnold, based on EPC data. The below chart shows the distribution of detached houses houses by size in Arnold, and where 11 LODGE CLOSE lies on this distribution: 28% of detached houses houses are smaller than 11 LODGE CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Arnold.

11 LODGE CLOSE: Plot and Title Map

11 LODGE CLOSE sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 11 LODGE 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 11 LODGE 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 11 LODGE CLOSE?

11 LODGE CLOSE is located in REDHILL, in the NG5 postcode district. The below map shows the position of No. 11 on LODGE CLOSE.