2, TARN CLOSE, LANGLEY MILL, NOTTINGHAM, NG16 4GY - £190,000

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 TARN CLOSE is a very small extended detached house of 76m², built sometime between 2003 and 2006. It was last sold for £190,000 in June 2024, which was around 42% below the average June 2024 detached price in the Amber Valley local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

2 TARN CLOSE Sold Prices

Land registry data shows four sales for 2 TARN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. All of the four 2 TARN 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
2024 28 JUN	£190,000	£327,044	42% below HPI
2023 6 APR	£177,500	£326,014	46% below HPI
2006 22 NOV	£120,000	£199,297	40% below HPI
2003 28 NOV	£96,500	£152,876	37% below HPI

2 TARN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Amber Valley local authority area over time, sourced from the HPI. The four 2 TARN CLOSE sales between November 2003 and June 2024 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 April 2023 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the June 2024 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 2 TARN CLOSE?

2 TARN CLOSE is 76m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the smallest 20% of detached houses in Heanor, based on EPC data. The below chart shows the distribution of detached houses by size in Heanor, and where 2 TARN CLOSE lies on this distribution: 18% of detached houses are smaller than 2 TARN CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Heanor.

2 TARN CLOSE: Plot and Title Map

2 TARN CLOSE sits on a plot of roughly 0.045 of an acre, or 183m². The below map shows the location of 2 TARN 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 TARN 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 TARN CLOSE?

2 TARN CLOSE is located in LANGLEY MILL, in the NG16 postcode district. The below map shows the position of No. 2 on TARN CLOSE.