2, BUTTERMEAD CLOSE, TROWELL, NOTTINGHAM, NG9 3QT - £335,000

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.

2 BUTTERMEAD CLOSE is a midsized detached house of 91m², built sometime between 1983 and 1990, which could now be worth an estimated £345,344. It was last sold for £335,000 in July 2024, which was around 3% below the average July 2024 detached price in the Broxtowe local authority area. The most recent EPC inspection was March 2024, where the current energy rating was C, and the potential energy rating was B.

2 BUTTERMEAD CLOSE Sold Prices

Land registry data shows four sales for 2 BUTTERMEAD 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 Broxtowe local authority area for the corresponding sale date. Two of the four 2 BUTTERMEAD CLOSE sales were for below the average price, whilst one was 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
2024 18 JUL	£335,000	£345,224	3% below HPI
2011 9 SEP	£174,000	£189,358	8% below HPI
1999 1 SEP	£86,000	£86,153	Close to HPI
1996 19 JUL	£78,500	£68,447	15% above HPI

2 BUTTERMEAD 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 four 2 BUTTERMEAD CLOSE sales between July 1996 and July 2024 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 September 2011 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the July 2024 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 2 BUTTERMEAD CLOSE be worth now?

2 BUTTERMEAD CLOSE might now be worth an estimated £345,344.

This is based on house price inflation of 3.1%, between July 2024 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 3.1% inflationary increase is applied to the most recent sale price for 2 BUTTERMEAD CLOSE of £335,000 on 18th July 2024. For the value to have increased from £335,000 to £345,344 over the one year and five months to February 2025, the following assumptions must hold true:

• The value of 2 BUTTERMEAD CLOSE has moved in line with the HPI for detached houses in the Broxtowe local authority area.
• The July 2024 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BUTTERMEAD CLOSE has not materially changed since July 2024.

How Large is 2 BUTTERMEAD CLOSE?

2 BUTTERMEAD CLOSE is 91m² according to the EPC inspection conducted in March 2024. This puts it in the smallest 50% of detached houses houses in Trowell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Trowell, and where 2 BUTTERMEAD CLOSE lies on this distribution: 44% of detached houses houses are smaller than 2 BUTTERMEAD CLOSE, and 54% of houses are larger. Note that EPC data is not available for all properties in Trowell.

2 BUTTERMEAD CLOSE: Plot and Title Map

2 BUTTERMEAD CLOSE sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of 2 BUTTERMEAD 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 2 BUTTERMEAD 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 2 BUTTERMEAD CLOSE?

2 BUTTERMEAD CLOSE is located in TROWELL, in the NG9 postcode district. The below map shows the position of No. 2 on BUTTERMEAD CLOSE.