2, RUNCIE CLOSE, COTGRAVE, NOTTINGHAM, NG12 3TG - £179,950

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 RUNCIE CLOSE is a very small extended detached house of 83m², built sometime between 1983 and 1990, which could now be worth an estimated £327,493. It was last sold for £179,950 in October 2004, which was around 32% below the average October 2004 detached price in the Rushcliffe local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

2 RUNCIE CLOSE Sold Prices

Land registry data shows three sales for 2 RUNCIE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rushcliffe local authority area for the corresponding sale date. All of the three 2 RUNCIE 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
2004 15 OCT	£179,950	£265,132	32% below HPI
2003 28 NOV	£139,950	£245,813	43% below HPI
2000 21 JAN	£77,500	£124,444	38% below HPI

2 RUNCIE 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 three 2 RUNCIE CLOSE sales between January 2000 and October 2004 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 November 2003 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the October 2004 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 2 RUNCIE CLOSE be worth now?

2 RUNCIE CLOSE might now be worth an estimated £327,493.

This is based on house price inflation of 82%, between October 2004 and December 2024, for detached houses, in the Rushcliffe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 82% inflationary increase is applied to the most recent sale price for 2 RUNCIE CLOSE of £179,950 on 15th October 2004. For the value to have increased from £179,950 to £327,493 over the nineteen years and ten months to December 2024, the following assumptions must hold true:

• The value of 2 RUNCIE CLOSE has moved in line with the HPI for detached houses in the Rushcliffe local authority area.
• The October 2004 sale price of £179,950 represented a fair market value for the property.
• The size, condition, and specification of 2 RUNCIE CLOSE has not materially changed since October 2004.

How Large is 2 RUNCIE CLOSE?

2 RUNCIE CLOSE is 83m², which includes two extensions, according to the EPC inspection conducted in February 2014. This puts it in the smallest 20% of detached houses houses in Cotgrave, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cotgrave, and where 2 RUNCIE CLOSE lies on this distribution: 18% of detached houses houses are smaller than 2 RUNCIE CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Cotgrave.

2 RUNCIE CLOSE: Plot and Title Map

2 RUNCIE CLOSE sits on a plot of roughly 0.072 of an acre, or 292m². The below map shows the location of 2 RUNCIE 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 RUNCIE 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 RUNCIE CLOSE?

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