2, STEWARTON CLOSE, ARNOLD, NOTTINGHAM, NG5 8DJ - £245,000

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 STEWARTON CLOSE is a midsized extended detached house of 107m², built sometime between 1991 and 1995, which could now be worth an estimated £345,700. It was last sold for £245,000 in January 2019, which was around 8% below the average January 2019 detached price in the Gedling local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was C.

2 STEWARTON CLOSE Sold Prices

Land registry data shows three sales for 2 STEWARTON 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 Gedling local authority area for the corresponding sale date. One of the three 2 STEWARTON CLOSE sales was for below the average price, whilst two 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
2019 14 JAN	£245,000	£265,006	8% below HPI
2004 16 DEC	£260,000	£203,862	28% above HPI
1996 30 AUG	£88,000	£75,596	16% above HPI

2 STEWARTON 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 three 2 STEWARTON CLOSE sales between August 1996 and January 2019 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 December 2004 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the January 2019 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 2 STEWARTON CLOSE be worth now?

2 STEWARTON CLOSE might now be worth an estimated £345,700.

This is based on house price inflation of 41.1%, between January 2019 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 41.1% inflationary increase is applied to the most recent sale price for 2 STEWARTON CLOSE of £245,000 on 14th January 2019. For the value to have increased from £245,000 to £345,700 over the five years and eleven months to February 2025, the following assumptions must hold true:

• The value of 2 STEWARTON CLOSE has moved in line with the HPI for detached houses in the Gedling local authority area.
• The January 2019 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 2 STEWARTON CLOSE has not materially changed since January 2019.

How Large is 2 STEWARTON CLOSE?

2 STEWARTON CLOSE is 107m², which includes two extensions, according to the EPC inspection conducted in May 2018. This puts it in the smallest 50% 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 STEWARTON CLOSE lies on this distribution: 44% of detached houses houses are smaller than 2 STEWARTON CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Arnold.

2 STEWARTON CLOSE: Plot and Title Map

2 STEWARTON CLOSE sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 2 STEWARTON 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 STEWARTON 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 STEWARTON CLOSE?

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