12, NICHOLSON CLOSE, REDHILL, NOTTINGHAM, NG5 8RQ - £195,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

12 NICHOLSON CLOSE is a very small detached house of 56m², built in 2021. It was last sold for £195,000 in February 2024, which was around 45% below the average February 2024 detached price in the Gedling local authority area. The most recent EPC inspection was August 2022, where the current energy rating was B, and the potential energy rating was A.

12 NICHOLSON CLOSE Sold Prices

Land registry data shows two sales for 12 NICHOLSON 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 Gedling local authority area for the corresponding sale date. Both of the two 12 NICHOLSON 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
2024 20 FEB	£195,000	£357,256	45% below HPI
2022 31 AUG	£189,995	£352,361	46% below HPI

12 NICHOLSON 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 two 12 NICHOLSON CLOSE sales from August 2022 and February 2024 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 August 2022 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the February 2024 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 12 NICHOLSON CLOSE?

12 NICHOLSON CLOSE is 56m² according to the EPC inspection conducted in August 2022. This puts it in the smallest 10% of detached houses in Arnold, based on EPC data. The below chart shows the distribution of detached houses by size in Arnold, and where 12 NICHOLSON CLOSE lies on this distribution: 1% of detached houses are smaller than 12 NICHOLSON CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Arnold.

12 NICHOLSON CLOSE: Plot and Title Map

12 NICHOLSON CLOSE sits on a plot of roughly 0.020 of an acre, or 83m². The below map shows the location of 12 NICHOLSON 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 NICHOLSON 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 NICHOLSON CLOSE?

12 NICHOLSON CLOSE is located in REDHILL, in the NG5 postcode district. The below map shows the position of No. 12 on NICHOLSON CLOSE.