2, LITCHFIELD RISE, ARNOLD, NOTTINGHAM, NG5 8HU - £182,000

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 LITCHFIELD RISE is a small extended detached house of 87m², built sometime between 1967 and 1975. It was last sold for £182,000 in July 2020, which was around 35% below the average July 2020 detached price in the Gedling local authority area. The most recent EPC inspection was March 2019, where the current energy rating was E, and the potential energy rating was B.

2 LITCHFIELD RISE Sold Prices

Land registry data shows three sales for 2 LITCHFIELD RISE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gedling local authority area for the corresponding sale date. All of the three 2 LITCHFIELD RISE 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
2020 22 JUL	£182,000	£280,987	35% below HPI
2004 20 AUG	£165,000	£195,479	16% below HPI
2003 28 FEB	£135,000	£166,634	19% below HPI

2 LITCHFIELD RISE 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 three 2 LITCHFIELD RISE sales between February 2003 and July 2020 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 2004 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the July 2020 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 2 LITCHFIELD RISE?

2 LITCHFIELD RISE is 87m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the smallest 30% 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 LITCHFIELD RISE lies on this distribution: 22% of detached houses are smaller than 2 LITCHFIELD RISE, and 77% of houses are larger. Note that EPC data is not available for all properties in Arnold.

2 LITCHFIELD RISE: Plot and Title Map

2 LITCHFIELD RISE sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 2 LITCHFIELD RISE, 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 LITCHFIELD RISE). 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 LITCHFIELD RISE?

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