16, MERCIA CLOSE, GILTBROOK, NOTTINGHAM, NG16 2XF - £198,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

16 MERCIA CLOSE is a very large detached house of 118m², built sometime between 1996 and 2002. It was last sold for £198,000 in October 2003, which was around 16% above the average October 2003 detached price in the Broxtowe local authority area. The most recent EPC inspection was August 2013, where the current energy rating was C, and the potential energy rating was B.

16 MERCIA CLOSE Sold Prices

Land registry data shows two sales for 16 MERCIA 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 Broxtowe local authority area for the corresponding sale date. Both of the two 16 MERCIA CLOSE sales were for above 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
2003 24 OCT	£198,000	£170,905	16% above HPI
2000 25 FEB	£115,950	£86,854	34% above HPI

16 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 two 16 MERCIA CLOSE sales from February 2000 and October 2003 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 February 2000 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the October 2003 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is 16 MERCIA CLOSE?

16 MERCIA CLOSE is 118m² according to the EPC inspection conducted in August 2013. This puts it in the largest 20% of detached houses in Eastwood, based on EPC data. The below chart shows the distribution of detached houses by size in Eastwood, and where 16 MERCIA CLOSE lies on this distribution: 80% of detached houses are smaller than 16 MERCIA CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Eastwood.

16 MERCIA CLOSE: Plot and Title Map

16 MERCIA CLOSE sits on a plot of roughly 0.094 of an acre, or 381m². The below map shows the location of 16 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 16 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 16 MERCIA CLOSE?

16 MERCIA CLOSE is located in GILTBROOK, in the NG16 postcode district. The below map shows the position of No. 16 on MERCIA CLOSE.