2, CUMBERLAND CLOSE, WESTWOOD, NOTTINGHAM, NG16 5JR - £150,000

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 CUMBERLAND CLOSE is a very small detached house of 51m², built sometime between 1976 and 1982, which could now be worth an estimated £157,535. It was last sold for £150,000 in May 2022, which was around 41% below the average May 2022 detached price in the Ashfield local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

2 CUMBERLAND CLOSE Sold Prices

Land registry data shows two sales for 2 CUMBERLAND 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 Ashfield local authority area for the corresponding sale date. Both of the two 2 CUMBERLAND CLOSE sales were for below 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
2022 31 MAY	£150,000	£254,456	41% below HPI
2019 8 NOV	£126,500	£203,569	38% below HPI

2 CUMBERLAND CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ashfield local authority area over time, sourced from the HPI. The two 2 CUMBERLAND CLOSE sales from November 2019 and May 2022 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 November 2019 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the May 2022 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 2 CUMBERLAND CLOSE be worth now?

2 CUMBERLAND CLOSE might now be worth an estimated £157,535.

This is based on house price inflation of 5%, between May 2022 and February 2025, for detached houses, in the Ashfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5% inflationary increase is applied to the most recent sale price for 2 CUMBERLAND CLOSE of £150,000 on 31st May 2022. For the value to have increased from £150,000 to £157,535 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 2 CUMBERLAND CLOSE has moved in line with the HPI for detached houses in the Ashfield local authority area.
• The May 2022 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CUMBERLAND CLOSE has not materially changed since May 2022.

How Large is 2 CUMBERLAND CLOSE?

2 CUMBERLAND CLOSE is 51m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 10% of detached houses houses in Westwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Westwood, and where 2 CUMBERLAND CLOSE lies on this distribution: 4% of detached houses houses are smaller than 2 CUMBERLAND CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Westwood.

2 CUMBERLAND CLOSE: Plot and Title Map

2 CUMBERLAND CLOSE sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 2 CUMBERLAND 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 CUMBERLAND 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 CUMBERLAND CLOSE?

2 CUMBERLAND CLOSE is located in WESTWOOD, in the NG16 postcode district. The below map shows the position of No. 2 on CUMBERLAND CLOSE.