2, FRANKLIN CLOSE, NOTTINGHAM, NG5 8SG - £300,000

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 FRANKLIN CLOSE is a small extended detached house of 93m², built sometime between 1983 and 1990. It was last sold for £300,000 in November 2022, which was around 8% below the average November 2022 detached price in the City of Nottingham local authority area. The most recent EPC inspection was November 2014, where the current energy rating was E, and the potential energy rating was B.

2 FRANKLIN CLOSE Sold Prices

Land registry data shows three sales for 2 FRANKLIN 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 City of Nottingham local authority area for the corresponding sale date. One of the three 2 FRANKLIN CLOSE sales was for below the average price, whilst two 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
2022 28 NOV	£300,000	£326,369	8% below HPI
2014 30 MAY	£170,000	£137,323	24% above HPI
1998 6 FEB	£63,750	£55,691	14% above HPI

2 FRANKLIN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Nottingham local authority area over time, sourced from the HPI. The three 2 FRANKLIN CLOSE sales between February 1998 and November 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 May 2014 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the November 2022 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 2 FRANKLIN CLOSE?

2 FRANKLIN CLOSE is 93m², which includes one extension, according to the EPC inspection conducted in November 2014. This puts it in the smallest 40% of detached houses in Nottingham, based on EPC data. The below chart shows the distribution of detached houses by size in Nottingham, and where 2 FRANKLIN CLOSE lies on this distribution: 38% of detached houses are smaller than 2 FRANKLIN CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

2 FRANKLIN CLOSE: Plot and Title Map

2 FRANKLIN CLOSE sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 2 FRANKLIN 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 FRANKLIN 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 FRANKLIN CLOSE?

2 FRANKLIN CLOSE is located in NOTTINGHAM, in the NG5 postcode district. The below map shows the position of No. 2 on FRANKLIN CLOSE.