15, MERCIA CLOSE, GILTBROOK, NOTTINGHAM, NG16 2XF - £147,000

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

15 MERCIA CLOSE is a small detached house of 77m², built sometime between 1996 and 2002. It was last sold for £147,000 in May 2013, which was around 21% below the average May 2013 detached price in the Broxtowe local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

15 MERCIA CLOSE Sold Prices

Land registry data shows three sales for 15 MERCIA CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broxtowe local authority area for the corresponding sale date. All of the three 15 MERCIA 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
2013 24 MAY	£147,000	£185,438	21% below HPI
2009 9 JAN	£155,000	£174,228	11% below HPI
2000 3 MAR	£76,950	£86,695	11% below HPI

15 MERCIA CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broxtowe local authority area over time, sourced from the HPI. The three 15 MERCIA CLOSE sales between March 2000 and May 2013 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 January 2009 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the May 2013 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 15 MERCIA CLOSE?

15 MERCIA CLOSE is 77m² according to the EPC inspection conducted in March 2011. This puts it in the smallest 40% of detached houses in Eastwood, based on EPC data. The below chart shows the distribution of detached houses by size in Eastwood, and where 15 MERCIA CLOSE lies on this distribution: 33% of detached houses are smaller than 15 MERCIA CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Eastwood.

15 MERCIA CLOSE: Plot and Title Map

15 MERCIA CLOSE sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 15 MERCIA 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 15 MERCIA 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 15 MERCIA CLOSE?

15 MERCIA CLOSE is located in GILTBROOK, in the NG16 postcode district. The below map shows the position of No. 15 on MERCIA CLOSE.