12, ELM BANK, NOTTINGHAM, NG3 5AJ - £438,000

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.

12 ELM BANK is a very large extended detached house of 224m², built sometime between 1976 and 1982, which could now be worth an estimated £891,336. It was last sold for £438,000 in May 2011, which was around 175% above the average May 2011 detached price in the City of Nottingham local authority area. The most recent EPC inspection was March 2010, where the current energy rating was E, and the potential energy rating was D.

12 ELM BANK Sold Prices

Land registry data shows two sales for 12 ELM BANK 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 12 ELM BANK 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
2011 31 MAY	£438,000	£159,198	175% above HPI
2005 24 JUN	£390,000	£174,338	124% above HPI

12 ELM BANK 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 12 ELM BANK sales from June 2005 and May 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 June 2005 sale was for 124% above the HPI. So the extrapolation line tracks at 124% above the HPI over time, until the May 2011 sale, where it rises to 175% above the HPI. The line then continues to track at 175% above the HPI.

What might 12 ELM BANK be worth now?

12 ELM BANK might now be worth an estimated £891,336.

This is based on house price inflation of 103.5%, between May 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 103.5% inflationary increase is applied to the most recent sale price for 12 ELM BANK of £438,000 on 31st May 2011. For the value to have increased from £438,000 to £891,336 over the fourteen years and three months to February 2025, the following assumptions must hold true:

• The value of 12 ELM BANK has moved in line with the HPI for detached houses in the City of Nottingham local authority area.
• The May 2011 sale price of £438,000 represented a fair market value for the property.
• The size, condition, and specification of 12 ELM BANK has not materially changed since May 2011.

How Large is 12 ELM BANK?

12 ELM BANK is 224m², which includes two extensions, according to the EPC inspection conducted in March 2010. This puts it in the largest 10% 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 12 ELM BANK lies on this distribution: 96% of detached houses houses are smaller than 12 ELM BANK, and 4% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

12 ELM BANK: Plot and Title Map

12 ELM BANK sits on a plot of roughly 0.135 of an acre, or 548m². The below map shows the location of 12 ELM BANK, 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 12 ELM BANK). 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 12 ELM BANK?

12 ELM BANK is located in NOTTINGHAM, in the NG3 postcode district. The below map shows the position of No. 12 on ELM BANK.