16, SOMERSET CLOSE, LONG EATON, NOTTINGHAM, NG10 2ET - £252,500

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 SOMERSET CLOSE is a small detached house of 92m², built sometime between 1983 and 1990, which could now be worth an estimated £381,164. It was last sold for £252,500 in August 2015, which was around 19% above the average August 2015 detached price in the Erewash local authority area. The most recent EPC inspection was September 2014, where the current energy rating was E, and the potential energy rating was C.

16 SOMERSET CLOSE Sold Prices

Land registry data shows two sales for 16 SOMERSET 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 Erewash local authority area for the corresponding sale date. Both of the two 16 SOMERSET 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
2015 6 AUG	£252,500	£211,322	19% above HPI
2006 18 JAN	£224,000	£172,713	30% above HPI

16 SOMERSET CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Erewash local authority area over time, sourced from the HPI. The two 16 SOMERSET CLOSE sales from January 2006 and August 2015 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 January 2006 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the August 2015 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 16 SOMERSET CLOSE be worth now?

16 SOMERSET CLOSE might now be worth an estimated £381,164.

This is based on house price inflation of 51%, between August 2015 and February 2025, for detached houses, in the Erewash local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 51% inflationary increase is applied to the most recent sale price for 16 SOMERSET CLOSE of £252,500 on 6th August 2015. For the value to have increased from £252,500 to £381,164 over the ten years and six months to February 2025, the following assumptions must hold true:

• The value of 16 SOMERSET CLOSE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The August 2015 sale price of £252,500 represented a fair market value for the property.
• The size, condition, and specification of 16 SOMERSET CLOSE has not materially changed since August 2015.

How Large is 16 SOMERSET CLOSE?

16 SOMERSET CLOSE is 92m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 40% of detached houses houses in Long Eaton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Long Eaton, and where 16 SOMERSET CLOSE lies on this distribution: 36% of detached houses houses are smaller than 16 SOMERSET CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Long Eaton.

16 SOMERSET CLOSE: Plot and Title Map

16 SOMERSET CLOSE sits on a plot of roughly 0.114 of an acre, or 462m². The below map shows the location of 16 SOMERSET 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 SOMERSET 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 SOMERSET CLOSE?

16 SOMERSET CLOSE is located in LONG EATON, in the NG10 postcode district. The below map shows the position of No. 16 on SOMERSET CLOSE.