12, MEREVALE CLOSE, LOWDHAM, NOTTINGHAM, NG14 7AA - £395,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

12 MEREVALE CLOSE is a midsized detached house of 116m², built sometime between 1996 and 2002. It was last sold for £395,000 in March 2023, which was around 17% above the average March 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was December 2022, where the current energy rating was C, and the potential energy rating was B.

12 MEREVALE CLOSE Sold Prices

Land registry data shows two sales for 12 MEREVALE 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 Newark and Sherwood local authority area for the corresponding sale date. One of the two 12 MEREVALE CLOSE sales was for above the average price, whilst the other was roughly equal to 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
2023 14 MAR	£395,000	£338,815	17% above HPI
2010 22 SEP	£210,000	£210,020	Close to HPI

12 MEREVALE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The two 12 MEREVALE CLOSE sales from September 2010 and March 2023 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 2010 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the March 2023 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is 12 MEREVALE CLOSE?

12 MEREVALE CLOSE is 116m² according to the EPC inspection conducted in December 2022. This puts it in the smallest 50% of detached houses in Lowdham, based on EPC data. The below chart shows the distribution of detached houses by size in Lowdham, and where 12 MEREVALE CLOSE lies on this distribution: 45% of detached houses are smaller than 12 MEREVALE CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Lowdham.

12 MEREVALE CLOSE: Plot and Title Map

12 MEREVALE CLOSE sits on a plot of roughly 0.104 of an acre, or 421m². The below map shows the location of 12 MEREVALE 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 MEREVALE 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 MEREVALE CLOSE?

12 MEREVALE CLOSE is located in LOWDHAM, in the NG14 postcode district. The below map shows the position of No. 12 on MEREVALE CLOSE.