2, RICHMOND AVENUE, NEWTHORPE, NOTTINGHAM, NG16 2EQ - £280,000

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 RICHMOND AVENUE is a midsized extended detached house of 97m², built sometime between 1967 and 1975, which could now be worth an estimated £308,066. It was last sold for £280,000 in March 2022, which was around 13% below the average March 2022 detached price in the Broxtowe local authority area. The most recent EPC inspection was December 2021, where the current energy rating was D, and the potential energy rating was C.

2 RICHMOND AVENUE Sold Prices

Land registry data shows three sales for 2 RICHMOND AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broxtowe local authority area for the corresponding sale date. All of the three 2 RICHMOND AVENUE 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
2022 28 MAR	£280,000	£323,462	13% below HPI
2011 22 MAR	£116,500	£191,799	39% below HPI
2000 8 SEP	£66,500	£95,483	30% below HPI

2 RICHMOND AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broxtowe local authority area over time, sourced from the HPI. The three 2 RICHMOND AVENUE sales between September 2000 and March 2022 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 March 2011 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the March 2022 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 2 RICHMOND AVENUE be worth now?

2 RICHMOND AVENUE might now be worth an estimated £308,066.

This is based on house price inflation of 10%, between March 2022 and February 2025, for detached houses, in the Broxtowe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10% inflationary increase is applied to the most recent sale price for 2 RICHMOND AVENUE of £280,000 on 28th March 2022. For the value to have increased from £280,000 to £308,066 over the three years and one month to February 2025, the following assumptions must hold true:

• The value of 2 RICHMOND AVENUE has moved in line with the HPI for detached houses in the Broxtowe local authority area.
• The March 2022 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 2 RICHMOND AVENUE has not materially changed since March 2022.

How Large is 2 RICHMOND AVENUE?

2 RICHMOND AVENUE is 97m², which includes one extension, according to the EPC inspection conducted in December 2021. This puts it in the largest 50% of detached houses houses in Eastwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Eastwood, and where 2 RICHMOND AVENUE lies on this distribution: 59% of detached houses houses are smaller than 2 RICHMOND AVENUE, and 40% of houses are larger. Note that EPC data is not available for all properties in Eastwood.

2 RICHMOND AVENUE: Plot and Title Map

2 RICHMOND AVENUE sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 2 RICHMOND AVENUE, 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 RICHMOND AVENUE). 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 RICHMOND AVENUE?

2 RICHMOND AVENUE is located in NEWTHORPE, in the NG16 postcode district. The below map shows the position of No. 2 on RICHMOND AVENUE.