2, HOME CLOSE, ARNOLD, NOTTINGHAM, NG5 8LP - £147,000

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 HOME CLOSE is a very small semi-detached house of 76m², built sometime between 1950 and 1966. It was last sold for £147,000 in May 2017, which was around 40% below the average May 2017 detached price in the Gedling local authority area. The most recent EPC inspection was May 2015, where the current energy rating was A, and the potential energy rating was A.

2 HOME CLOSE Sold Prices

Land registry data shows five sales for 2 HOME 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 Gedling local authority area for the corresponding sale date. All of the five 2 HOME 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 12 MAY	£147,000	£245,509	40% below HPI
2012 10 SEP	£118,500	£188,929	37% below HPI
2007 14 FEB	£119,000	£204,143	42% below HPI
2005 12 AUG	£116,000	£198,345	42% below HPI
2004 30 APR	£109,000	£181,604	40% below HPI

2 HOME CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gedling local authority area over time, sourced from the HPI. The five 2 HOME CLOSE sales between April 2004 and May 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 September 2012 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the May 2017 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 2 HOME CLOSE?

2 HOME CLOSE is 76m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 20% of detached houses in Arnold, based on EPC data. The below chart shows the distribution of detached houses by size in Arnold, and where 2 HOME CLOSE lies on this distribution: 12% of detached houses are smaller than 2 HOME CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Arnold.

2 HOME CLOSE: Plot and Title Map

2 HOME CLOSE sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 2 HOME 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 HOME 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 HOME CLOSE?

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