2, WELLIN CLOSE, EDWALTON, NOTTINGHAM, NG12 4BL - £550,000

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 WELLIN CLOSE is a large extended detached house of 167m², built sometime between 1996 and 2002, which could now be worth an estimated £685,073. It was last sold for £550,000 in November 2020, which was around 37% above the average November 2020 detached price in the Rushcliffe local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was C.

2 WELLIN CLOSE Sold Prices

Land registry data shows two sales for 2 WELLIN 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 Rushcliffe local authority area for the corresponding sale date. Both of the two 2 WELLIN 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
2020 10 NOV	£550,000	£401,610	37% above HPI
1999 3 AUG	£195,000	£116,376	68% above HPI

2 WELLIN 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 two 2 WELLIN CLOSE sales from August 1999 and November 2020 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 August 1999 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the November 2020 sale, where it falls to 37% above the HPI. The line then continues to track at 37% above the HPI.

What might 2 WELLIN CLOSE be worth now?

2 WELLIN CLOSE might now be worth an estimated £685,073.

This is based on house price inflation of 24.6%, between November 2020 and February 2025, 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 24.6% inflationary increase is applied to the most recent sale price for 2 WELLIN CLOSE of £550,000 on 10th November 2020. For the value to have increased from £550,000 to £685,073 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 WELLIN CLOSE has moved in line with the HPI for detached houses in the Rushcliffe local authority area.
• The November 2020 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WELLIN CLOSE has not materially changed since November 2020.

How Large is 2 WELLIN CLOSE?

2 WELLIN CLOSE is 167m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the largest 40% of detached houses houses in Edwalton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Edwalton, and where 2 WELLIN CLOSE lies on this distribution: 70% of detached houses houses are smaller than 2 WELLIN CLOSE, and 30% of houses are larger. Note that EPC data is not available for all properties in Edwalton.

2 WELLIN CLOSE: Plot and Title Map

2 WELLIN CLOSE sits on a plot of roughly 0.169 of an acre, or 682m². The below map shows the location of 2 WELLIN 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 WELLIN 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 WELLIN CLOSE?

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