12, MARHAM CLOSE, NOTTINGHAM, NG2 4GR - £121,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

12 MARHAM CLOSE is a very small detached house of 59m², built sometime between 2003 and 2006. It was last sold for £121,000 in June 2021, which was around 57% below the average June 2021 detached price in the City of Nottingham local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was B.

12 MARHAM CLOSE Sold Prices

Land registry data shows two sales for 12 MARHAM 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 12 MARHAM 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
2021 25 JUN	£121,000	£278,305	57% below HPI
1997 26 SEP	£48,000	£57,448	16% below HPI

12 MARHAM 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 12 MARHAM CLOSE sales from September 1997 and June 2021 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 September 1997 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the June 2021 sale, where it falls to 57% below the HPI. The line then continues to track at 57% below the HPI.

How Large is 12 MARHAM CLOSE?

12 MARHAM CLOSE is 59m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 10% of detached houses in Nottingham, based on EPC data. The below chart shows the distribution of detached houses by size in Nottingham, and where 12 MARHAM CLOSE lies on this distribution: 3% of detached houses are smaller than 12 MARHAM CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

12 MARHAM CLOSE: Plot and Title Map

12 MARHAM CLOSE sits on a plot of roughly 0.028 of an acre, or 112m². The below map shows the location of 12 MARHAM 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 12 MARHAM 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 12 MARHAM CLOSE?

12 MARHAM CLOSE is located in NOTTINGHAM, in the NG2 postcode district. The below map shows the position of No. 12 on MARHAM CLOSE.