16, GRESHAM CLOSE, WEST BRIDGFORD, NOTTINGHAM, NG2 7RQ - £325,000

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

16 GRESHAM CLOSE is a very small detached house of 78m², built sometime between 1967 and 1975. It was last sold for £325,000 in June 2021, which was around 21% below the average June 2021 detached price in the Rushcliffe local authority area. The most recent EPC inspection was July 2024, where the current energy rating was D, and the potential energy rating was B.

16 GRESHAM CLOSE Sold Prices

Land registry data shows four sales for 16 GRESHAM CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rushcliffe local authority area for the corresponding sale date. All of the four 16 GRESHAM 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
2021 30 JUN	£325,000	£410,295	21% below HPI
2013 30 OCT	£215,000	£288,009	25% below HPI
2004 6 DEC	£220,000	£267,837	18% below HPI
2002 3 MAY	£82,500	£175,968	53% below HPI

16 GRESHAM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rushcliffe local authority area over time, sourced from the HPI. The four 16 GRESHAM CLOSE sales between May 2002 and June 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 October 2013 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2021 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 16 GRESHAM CLOSE?

16 GRESHAM CLOSE is 78m² according to the EPC inspection conducted in July 2024. This puts it in the smallest 10% of detached houses in West Bridgford, based on EPC data. The below chart shows the distribution of detached houses by size in West Bridgford, and where 16 GRESHAM CLOSE lies on this distribution: 8% of detached houses are smaller than 16 GRESHAM CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in West Bridgford.

16 GRESHAM CLOSE: Plot and Title Map

16 GRESHAM CLOSE sits on a plot of roughly 0.103 of an acre, or 417m². The below map shows the location of 16 GRESHAM 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 16 GRESHAM 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 16 GRESHAM CLOSE?

16 GRESHAM CLOSE is located in WEST BRIDGFORD, in the NG2 postcode district. The below map shows the position of No. 16 on GRESHAM CLOSE.