2, NEWLANDS CLOSE, EDWALTON, NOTTINGHAM, NG12 4FH - £325,000

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 NEWLANDS CLOSE is a very large extended detached house of 229m², built sometime between 1991 and 1995. It was last sold for £325,000 in June 2007, which was around 15% above the average June 2007 detached price in the Rushcliffe local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was C.

2 NEWLANDS CLOSE Sold Prices

Land registry data shows two sales for 2 NEWLANDS 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 Rushcliffe local authority area for the corresponding sale date. Both of the two 2 NEWLANDS 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
2007 11 JUN	£325,000	£282,705	15% above HPI
2002 12 JUL	£292,000	£183,192	59% above HPI

2 NEWLANDS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rushcliffe local authority area over time, sourced from the HPI. The two 2 NEWLANDS CLOSE sales from July 2002 and June 2007 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 2002 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the June 2007 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is 2 NEWLANDS CLOSE?

2 NEWLANDS CLOSE is 229m², which includes three extensions, according to the EPC inspection conducted in April 2016. This puts it in the largest 20% of detached houses in Edwalton, based on EPC data. The below chart shows the distribution of detached houses by size in Edwalton, and where 2 NEWLANDS CLOSE lies on this distribution: 88% of detached houses are smaller than 2 NEWLANDS CLOSE, and 12% of houses are larger. Note that EPC data is not available for all properties in Edwalton.

2 NEWLANDS CLOSE: Plot and Title Map

2 NEWLANDS CLOSE sits on a plot of roughly 0.150 of an acre, or 606m². The below map shows the location of 2 NEWLANDS 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 NEWLANDS 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 NEWLANDS CLOSE?

2 NEWLANDS CLOSE is located in EDWALTON, in the NG12 postcode district. The below map shows the position of No. 2 on NEWLANDS CLOSE.