2, FARM HOUSE CLOSE, BOTTESFORD, NOTTINGHAM, NG13 0AF - £212,000

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 FARM HOUSE CLOSE is a very small detached house of 75m², built sometime between 1983 and 1990, which could now be worth an estimated £272,412. It was last sold for £212,000 in November 2017, which was around 32% below the average November 2017 detached price in the Melton local authority area. The most recent EPC inspection was May 2010, where the current energy rating was E, and the potential energy rating was C.

2 FARM HOUSE CLOSE Sold Prices

Land registry data shows three sales for 2 FARM HOUSE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the three 2 FARM HOUSE 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
2017 27 NOV	£212,000	£310,960	32% below HPI
2011 5 DEC	£149,500	£235,742	37% below HPI
2002 5 JUL	£100,000	£162,084	38% below HPI

2 FARM HOUSE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Melton local authority area over time, sourced from the HPI. The three 2 FARM HOUSE CLOSE sales between July 2002 and November 2017 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 December 2011 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the November 2017 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 2 FARM HOUSE CLOSE be worth now?

2 FARM HOUSE CLOSE might now be worth an estimated £272,412.

This is based on house price inflation of 28.5%, between November 2017 and February 2025, for detached houses, in the Melton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.5% inflationary increase is applied to the most recent sale price for 2 FARM HOUSE CLOSE of £212,000 on 27th November 2017. For the value to have increased from £212,000 to £272,412 over the eight years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 FARM HOUSE CLOSE has moved in line with the HPI for detached houses in the Melton local authority area.
• The November 2017 sale price of £212,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FARM HOUSE CLOSE has not materially changed since November 2017.

How Large is 2 FARM HOUSE CLOSE?

2 FARM HOUSE CLOSE is 75m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 20% of detached houses houses in Bottesford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bottesford, and where 2 FARM HOUSE CLOSE lies on this distribution: 11% of detached houses houses are smaller than 2 FARM HOUSE CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Bottesford.

2 FARM HOUSE CLOSE: Plot and Title Map

2 FARM HOUSE CLOSE sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 2 FARM HOUSE 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 FARM HOUSE 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 FARM HOUSE CLOSE?

2 FARM HOUSE CLOSE is located in BOTTESFORD, in the NG13 postcode district. The below map shows the position of No. 2 on FARM HOUSE CLOSE.