2, LODGE CLOSE, REDHILL, NOTTINGHAM, NG5 8NZ - £245,000

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 LODGE CLOSE is a very small detached house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £336,022. It was last sold for £245,000 in October 2019, which was around 10% below the average October 2019 detached price in the Gedling local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was C.

2 LODGE CLOSE Sold Prices

Land registry data shows two sales for 2 LODGE 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 LODGE 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
2019 15 OCT	£245,000	£272,639	10% below HPI
2014 3 FEB	£137,500	£199,685	31% below HPI

2 LODGE 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 LODGE CLOSE sales from February 2014 and October 2019 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 2014 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the October 2019 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 2 LODGE CLOSE be worth now?

2 LODGE CLOSE might now be worth an estimated £336,022.

This is based on house price inflation of 37.2%, between October 2019 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 37.2% inflationary increase is applied to the most recent sale price for 2 LODGE CLOSE of £245,000 on 15th October 2019. For the value to have increased from £245,000 to £336,022 over the six years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 LODGE CLOSE has moved in line with the HPI for detached houses in the Gedling local authority area.
• The October 2019 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LODGE CLOSE has not materially changed since October 2019.

How Large is 2 LODGE CLOSE?

2 LODGE CLOSE is 74m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 20% of detached houses houses in Arnold, based on EPC data. The below chart shows the distribution of detached houses houses by size in Arnold, and where 2 LODGE CLOSE lies on this distribution: 11% of detached houses houses are smaller than 2 LODGE CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Arnold.

2 LODGE CLOSE: Plot and Title Map

2 LODGE CLOSE sits on a plot of roughly 0.046 of an acre, or 188m². The below map shows the location of 2 LODGE 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 LODGE 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 LODGE CLOSE?

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