11, MERCURY CLOSE, NOTTINGHAM, NG6 0EL - £113,000

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

11 MERCURY CLOSE is a small detached house of 84m², built sometime between 1983 and 1990, which could now be worth an estimated £230,453. It was last sold for £113,000 in December 2011, which was around 29% below the average December 2011 detached price in the City of Nottingham local authority area. The most recent EPC inspection was July 2009, where the current energy rating was E, and the potential energy rating was C.

11 MERCURY CLOSE Sold Prices

Land registry data shows two sales for 11 MERCURY 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 City of Nottingham local authority area for the corresponding sale date. Both of the two 11 MERCURY 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
2011 16 DEC	£113,000	£158,855	29% below HPI
2001 31 JAN	£63,950	£86,851	26% below HPI

11 MERCURY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Nottingham local authority area over time, sourced from the HPI. The two 11 MERCURY CLOSE sales from January 2001 and December 2011 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 January 2001 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the December 2011 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 11 MERCURY CLOSE be worth now?

11 MERCURY CLOSE might now be worth an estimated £230,453.

This is based on house price inflation of 103.9%, between December 2011 and February 2025, for 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 103.9% inflationary increase is applied to the most recent sale price for 11 MERCURY CLOSE of £113,000 on 16th December 2011. For the value to have increased from £113,000 to £230,453 over the fourteen years and ten months to February 2025, the following assumptions must hold true:

• The value of 11 MERCURY CLOSE has moved in line with the HPI for detached houses in the City of Nottingham local authority area.
• The December 2011 sale price of £113,000 represented a fair market value for the property.
• The size, condition, and specification of 11 MERCURY CLOSE has not materially changed since December 2011.

How Large is 11 MERCURY CLOSE?

11 MERCURY CLOSE is 84m² according to the EPC inspection conducted in July 2009. This puts it in the smallest 30% of detached houses houses in Nottingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nottingham, and where 11 MERCURY CLOSE lies on this distribution: 25% of detached houses houses are smaller than 11 MERCURY CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

11 MERCURY CLOSE: Plot and Title Map

11 MERCURY CLOSE sits on a plot of roughly 0.048 of an acre, or 195m². The below map shows the location of 11 MERCURY 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 MERCURY 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 MERCURY CLOSE?

11 MERCURY CLOSE is located in NOTTINGHAM, in the NG6 postcode district. The below map shows the position of No. 11 on MERCURY CLOSE.