2, ROCKET CLOSE, WATNALL, NOTTINGHAM, NG16 1GE - £265,000

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 ROCKET CLOSE is a midsized detached house of 125m², built sometime between 1996 and 2002. It was last sold for £265,000 in September 2015, which was around 22% above the average September 2015 detached price in the Broxtowe local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

2 ROCKET CLOSE Sold Prices

Land registry data shows two sales for 2 ROCKET 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 Broxtowe local authority area for the corresponding sale date. Both of the two 2 ROCKET 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
2015 28 SEP	£265,000	£216,568	22% above HPI
2002 27 JUN	£188,950	£126,669	49% above HPI

2 ROCKET CLOSE 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 two 2 ROCKET CLOSE sales from June 2002 and September 2015 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 June 2002 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the September 2015 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is 2 ROCKET CLOSE?

2 ROCKET CLOSE is 125m² according to the EPC inspection conducted in February 2015. This puts it in the largest 50% of detached houses in Watnall, based on EPC data. The below chart shows the distribution of detached houses by size in Watnall, and where 2 ROCKET CLOSE lies on this distribution: 52% of detached houses are smaller than 2 ROCKET CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Watnall.

2 ROCKET CLOSE: Plot and Title Map

2 ROCKET CLOSE sits on a plot of roughly 0.071 of an acre, or 289m². The below map shows the location of 2 ROCKET 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 ROCKET 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 ROCKET CLOSE?

2 ROCKET CLOSE is located in WATNALL, in the NG16 postcode district. The below map shows the position of No. 2 on ROCKET CLOSE.