15, PARK AVENUE, WOODTHORPE, NOTTINGHAM, NG5 4HS - £340,000

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.

15 PARK AVENUE is a small extended detached house of 92m², built sometime between 1950 and 1966, which could now be worth an estimated £367,300. It was last sold for £340,000 in July 2022, which was around 2% below the average July 2022 detached price in the Gedling local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

15 PARK AVENUE Sold Prices

Land registry data shows two sales for 15 PARK AVENUE 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 15 PARK AVENUE 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
2022 15 JUL	£340,000	£346,136	2% below HPI
2021 9 JUL	£206,000	£309,615	33% below HPI

15 PARK AVENUE 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 15 PARK AVENUE sales from July 2021 and July 2022 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 July 2021 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the July 2022 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 15 PARK AVENUE be worth now?

15 PARK AVENUE might now be worth an estimated £367,300.

This is based on house price inflation of 8%, between July 2022 and February 2025, for detached houses, in the Gedling local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8% inflationary increase is applied to the most recent sale price for 15 PARK AVENUE of £340,000 on 15th July 2022. For the value to have increased from £340,000 to £367,300 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 15 PARK AVENUE has moved in line with the HPI for detached houses in the Gedling local authority area.
• The July 2022 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 15 PARK AVENUE has not materially changed since July 2022.

How Large is 15 PARK AVENUE?

15 PARK AVENUE is 92m², which includes two extensions, according to the EPC inspection conducted in March 2022. This puts it in the smallest 30% of detached houses houses in Arnold, based on EPC data. The below chart shows the distribution of detached houses houses by size in Arnold, and where 15 PARK AVENUE lies on this distribution: 28% of detached houses houses are smaller than 15 PARK AVENUE, and 71% of houses are larger. Note that EPC data is not available for all properties in Arnold.

15 PARK AVENUE: Plot and Title Map

15 PARK AVENUE sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of 15 PARK AVENUE, 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 PARK AVENUE). 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 PARK AVENUE?

15 PARK AVENUE is located in WOODTHORPE, in the NG5 postcode district. The below map shows the position of No. 15 on PARK AVENUE.