2, LAMPWOOD CLOSE, CALVERTON, NOTTINGHAM, NG14 6JT - £310,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 LAMPWOOD CLOSE is a very small detached house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £322,934. It was last sold for £310,000 in October 2023, which was around 14% below the average October 2023 detached price in the Gedling local authority area. The most recent EPC inspection was November 2018, where the current energy rating was E, and the potential energy rating was B.

2 LAMPWOOD CLOSE Sold Prices

Land registry data shows two sales for 2 LAMPWOOD 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 Gedling local authority area for the corresponding sale date. Both of the two 2 LAMPWOOD 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
2023 23 OCT	£310,000	£358,953	14% below HPI
2019 15 FEB	£212,500	£263,818	19% below HPI

2 LAMPWOOD 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 two 2 LAMPWOOD CLOSE sales from February 2019 and October 2023 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 February 2019 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the October 2023 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 2 LAMPWOOD CLOSE be worth now?

2 LAMPWOOD CLOSE might now be worth an estimated £322,934.

This is based on house price inflation of 4.2%, between October 2023 and February 2025, for detached houses, in the Gedling local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.2% inflationary increase is applied to the most recent sale price for 2 LAMPWOOD CLOSE of £310,000 on 23rd October 2023. For the value to have increased from £310,000 to £322,934 over the two years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 LAMPWOOD CLOSE has moved in line with the HPI for detached houses in the Gedling local authority area.
• The October 2023 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LAMPWOOD CLOSE has not materially changed since October 2023.

How Large is 2 LAMPWOOD CLOSE?

2 LAMPWOOD CLOSE is 74m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 20% of detached houses houses in Calverton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Calverton, and where 2 LAMPWOOD CLOSE lies on this distribution: 15% of detached houses houses are smaller than 2 LAMPWOOD CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Calverton.

2 LAMPWOOD CLOSE: Plot and Title Map

2 LAMPWOOD CLOSE sits on a plot of roughly 0.125 of an acre, or 505m². The below map shows the location of 2 LAMPWOOD 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 LAMPWOOD 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 LAMPWOOD CLOSE?

2 LAMPWOOD CLOSE is located in CALVERTON, in the NG14 postcode district. The below map shows the position of No. 2 on LAMPWOOD CLOSE.