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

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

2 BUTTERMEAD CLOSE is a midsized detached house of 91m², built sometime between 1983 and 1990. 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, and four 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
2024 18 JUL	£335,000	£345,163	3% below HPI
2011 9 SEP	£174,000	£187,191	7% below HPI
1999 1 SEP	£86,000	£85,167	1% above HPI
1996 19 JUL	£78,500	£67,664	16% 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 7% below the HPI. So the extrapolation line tracks at 7% 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.

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 in Trowell, based on EPC data. The below chart shows the distribution of detached houses by size in Trowell, and where 2 BUTTERMEAD CLOSE lies on this distribution: 45% of detached houses are smaller than 2 BUTTERMEAD CLOSE, and 53% 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.