15, RICHMOND AVENUE, NEWTHORPE, NOTTINGHAM, NG16 2EQ - £215,000

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 RICHMOND AVENUE is a very small detached house of 56m², built sometime between 1976 and 1982. It was last sold for £215,000 in August 2021, which was around 28% below the average August 2021 detached price in the Broxtowe local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

15 RICHMOND AVENUE Sold Prices

Land registry data shows two sales for 15 RICHMOND 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 Broxtowe local authority area for the corresponding sale date. Both of the two 15 RICHMOND 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
2021 13 AUG	£215,000	£298,808	28% below HPI
2020 13 AUG	£160,000	£275,267	42% below HPI

15 RICHMOND AVENUE 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 two 15 RICHMOND AVENUE sales from August 2020 and August 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 August 2020 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the August 2021 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 15 RICHMOND AVENUE?

15 RICHMOND AVENUE is 56m² according to the EPC inspection conducted in May 2021. This puts it in the smallest 10% 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 RICHMOND AVENUE lies on this distribution: 5% of detached houses are smaller than 15 RICHMOND AVENUE, and 94% of houses are larger. Note that EPC data is not available for all properties in Eastwood.

15 RICHMOND AVENUE: Plot and Title Map

15 RICHMOND AVENUE sits on a plot of roughly 0.081 of an acre, or 330m². The below map shows the location of 15 RICHMOND 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 RICHMOND 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 RICHMOND AVENUE?

15 RICHMOND AVENUE is located in NEWTHORPE, in the NG16 postcode district. The below map shows the position of No. 15 on RICHMOND AVENUE.