2, GAINSBOROUGH CLOSE, KINOULTON, NOTTINGHAM, NG12 3EU - £395,000

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 GAINSBOROUGH CLOSE is a very small extended detached house of 96m², built sometime between 1967 and 1975, which could now be worth an estimated £437,883. It was last sold for £395,000 in January 2024, which was around 12% below the average January 2024 detached price in the Rushcliffe local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was B.

2 GAINSBOROUGH CLOSE Sold Prices

Land registry data shows five sales for 2 GAINSBOROUGH CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Rushcliffe local authority area for the corresponding sale date. All of the five 2 GAINSBOROUGH 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
2024 24 JAN	£395,000	£451,250	12% below HPI
2016 19 AUG	£250,000	£339,394	26% below HPI
2014 26 JUN	£250,000	£286,764	13% below HPI
1998 17 AUG	£97,000	£109,718	12% below HPI
1996 17 JUN	£79,000	£89,313	12% below HPI

2 GAINSBOROUGH CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rushcliffe local authority area over time, sourced from the HPI. The five 2 GAINSBOROUGH CLOSE sales between June 1996 and January 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 August 2016 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the January 2024 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 2 GAINSBOROUGH CLOSE be worth now?

2 GAINSBOROUGH CLOSE might now be worth an estimated £437,883.

This is based on house price inflation of 10.9%, between January 2024 and February 2025, for detached houses, in the Rushcliffe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.9% inflationary increase is applied to the most recent sale price for 2 GAINSBOROUGH CLOSE of £395,000 on 24th January 2024. For the value to have increased from £395,000 to £437,883 over the eleven months to February 2025, the following assumptions must hold true:

• The value of 2 GAINSBOROUGH CLOSE has moved in line with the HPI for detached houses in the Rushcliffe local authority area.
• The January 2024 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GAINSBOROUGH CLOSE has not materially changed since January 2024.

How Large is 2 GAINSBOROUGH CLOSE?

2 GAINSBOROUGH CLOSE is 96m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the smallest 20% of detached houses houses in Kinoulton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Kinoulton, and where 2 GAINSBOROUGH CLOSE lies on this distribution: 16% of detached houses houses are smaller than 2 GAINSBOROUGH CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Kinoulton.

2 GAINSBOROUGH CLOSE: Plot and Title Map

2 GAINSBOROUGH CLOSE sits on a plot of roughly 0.117 of an acre, or 474m². The below map shows the location of 2 GAINSBOROUGH 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 GAINSBOROUGH 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 GAINSBOROUGH CLOSE?

2 GAINSBOROUGH CLOSE is located in KINOULTON, in the NG12 postcode district. The below map shows the position of No. 2 on GAINSBOROUGH CLOSE.