2, MALIN CLOSE, ARNOLD, NOTTINGHAM, NG5 7GU - £301,000

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 MALIN CLOSE is a small detached house of 96m², built sometime between 2003 and 2006, which could now be worth an estimated £408,841. It was last sold for £301,000 in February 2020, which was around 9% above the average February 2020 detached price in the Gedling local authority area. The most recent EPC inspection was August 2010, where the current energy rating was C, and the potential energy rating was C.

2 MALIN CLOSE Sold Prices

Land registry data shows two sales for 2 MALIN 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 MALIN CLOSE sales were for above 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 24 FEB	£301,000	£275,297	9% above HPI
2004 23 JUL	£225,000	£191,464	18% above HPI

2 MALIN 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 MALIN CLOSE sales from July 2004 and February 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 July 2004 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the February 2020 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 2 MALIN CLOSE be worth now?

2 MALIN CLOSE might now be worth an estimated £408,841.

This is based on house price inflation of 35.8%, between February 2020 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 35.8% inflationary increase is applied to the most recent sale price for 2 MALIN CLOSE of £301,000 on 24th February 2020. For the value to have increased from £301,000 to £408,841 over the five years to February 2025, the following assumptions must hold true:

• The value of 2 MALIN CLOSE has moved in line with the HPI for detached houses in the Gedling local authority area.
• The February 2020 sale price of £301,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MALIN CLOSE has not materially changed since February 2020.

How Large is 2 MALIN CLOSE?

2 MALIN CLOSE is 96m² according to the EPC inspection conducted in August 2010. This puts it in the smallest 40% 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 MALIN CLOSE lies on this distribution: 33% of detached houses houses are smaller than 2 MALIN CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Arnold.

2 MALIN CLOSE: Plot and Title Map

2 MALIN CLOSE sits on a plot of roughly 0.074 of an acre, or 301m². The below map shows the location of 2 MALIN 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 MALIN 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 MALIN CLOSE?

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