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

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.

16 MERCIA CLOSE is a very large detached house of 118m², built sometime between 1996 and 2002, which could now be worth an estimated £407,588. It was last sold for £198,000 in October 2003, which was around 15% 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	£172,883	15% above HPI
2000 25 FEB	£115,950	£87,859	32% 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 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the October 2003 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 16 MERCIA CLOSE be worth now?

16 MERCIA CLOSE might now be worth an estimated £407,588.

This is based on house price inflation of 105.9%, between October 2003 and February 2025, for detached houses, in the Broxtowe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 105.9% inflationary increase is applied to the most recent sale price for 16 MERCIA CLOSE of £198,000 on 24th October 2003. For the value to have increased from £198,000 to £407,588 over the 22 years and eight months to February 2025, the following assumptions must hold true:

• The value of 16 MERCIA CLOSE has moved in line with the HPI for detached houses in the Broxtowe local authority area.
• The October 2003 sale price of £198,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MERCIA CLOSE has not materially changed since October 2003.

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 houses in Eastwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Eastwood, and where 16 MERCIA CLOSE lies on this distribution: 80% of detached houses 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.