11, PENNINE CLOSE, ARNOLD, NOTTINGHAM, NG5 9PT - £226,000

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 PENNINE CLOSE is a small detached house of 93m², built sometime between 1983 and 1990. It was last sold for £226,000 in February 2019, which was around 14% below the average February 2019 detached price in the Gedling local authority area. The most recent EPC inspection was February 2011, where the current energy rating was C, and the potential energy rating was C.

11 PENNINE CLOSE Sold Prices

Land registry data shows four sales for 11 PENNINE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Gedling local authority area for the corresponding sale date. All of the four 11 PENNINE 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
2019 19 FEB	£226,000	£263,818	14% below HPI
2011 29 JUL	£154,000	£187,867	18% below HPI
2007 5 JUL	£170,000	£204,174	17% below HPI
2000 28 APR	£84,000	£92,838	10% below HPI

11 PENNINE 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 four 11 PENNINE CLOSE sales between April 2000 and February 2019 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 2011 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the February 2019 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 11 PENNINE CLOSE be worth now?

11 PENNINE CLOSE might now be worth an estimated £320,767.

This is based on house price inflation of 41.9%, between February 2019 and December 2024, 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 41.9% inflationary increase is applied to the most recent sale price for 11 PENNINE CLOSE of £226,000 on 19th February 2019. For the value to have increased from £226,000 to £320,767 over the four years and two months to December 2024, the following assumptions must hold true:

• The value of 11 PENNINE CLOSE has moved in line with the HPI for detached houses in the Gedling local authority area.
• The February 2019 sale price of £226,000 represented a fair market value for the property.
• The size, condition, and specification of 11 PENNINE CLOSE has not materially changed since February 2019.

How Large is 11 PENNINE CLOSE?

11 PENNINE CLOSE is 93m² according to the EPC inspection conducted in February 2011. This puts it in the smallest 40% 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 PENNINE CLOSE lies on this distribution: 37% of detached houses houses are smaller than 11 PENNINE CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

11 PENNINE CLOSE: Plot and Title Map

11 PENNINE CLOSE sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of 11 PENNINE 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 PENNINE 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 PENNINE CLOSE?

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