11, WELFORD CLOSE, SKEGBY, SUTTON-IN-ASHFIELD, NG17 3LD - £225,000

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 WELFORD CLOSE is a very small detached house of 67m², built sometime between 1996 and 2002, which could now be worth an estimated £231,350. It was last sold for £225,000 in June 2022, which was around 12% below the average June 2022 detached price in the Ashfield local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was B.

11 WELFORD CLOSE Sold Prices

Land registry data shows five sales for 11 WELFORD CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Ashfield local authority area for the corresponding sale date. Most of the five 11 WELFORD 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
2022 27 JUN	£225,000	£256,272	12% below HPI
2017 8 MAR	£160,000	£181,193	12% below HPI
2016 20 JUN	£137,000	£174,873	22% below HPI
2007 6 FEB	£129,995	£159,630	19% below HPI
1996 1 JUL	£59,750	£55,112	8% above HPI

11 WELFORD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ashfield local authority area over time, sourced from the HPI. The five 11 WELFORD CLOSE sales between July 1996 and June 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 March 2017 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the June 2022 sale, which was also at 12% below the HPI.

What might 11 WELFORD CLOSE be worth now?

11 WELFORD CLOSE might now be worth an estimated £231,350.

This is based on house price inflation of 2.8%, between June 2022 and June 2025, for detached houses, in the Ashfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.8% inflationary increase is applied to the most recent sale price for 11 WELFORD CLOSE of £225,000 on 27th June 2022. For the value to have increased from £225,000 to £231,350 over the three years to June 2025, the following assumptions must hold true:

• The value of 11 WELFORD CLOSE has moved in line with the HPI for detached houses in the Ashfield local authority area.
• The June 2022 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 11 WELFORD CLOSE has not materially changed since June 2022.

How Large is 11 WELFORD CLOSE?

11 WELFORD CLOSE is 67m² according to the EPC inspection conducted in October 2012. This puts it in the smallest 10% of detached houses houses in Sutton in Ashfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sutton in Ashfield, and where 11 WELFORD CLOSE lies on this distribution: 10% of detached houses houses are smaller than 11 WELFORD CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Sutton in Ashfield.

11 WELFORD CLOSE: Plot and Title Map

11 WELFORD CLOSE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 11 WELFORD 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 WELFORD 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 WELFORD CLOSE?

11 WELFORD CLOSE is located in SKEGBY, in the NG17 postcode district. The below map shows the position of No. 11 on WELFORD CLOSE.