23, NEEDWOOD AVENUE, TROWELL, NOTTINGHAM, NG9 3RJ - £225,000

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.

23 NEEDWOOD AVENUE is a large detached house of 108m², built sometime between 1983 and 1990, which could now be worth an estimated £304,776. It was last sold for £225,000 in October 2018, which was around 14% below the average October 2018 detached price in the Broxtowe local authority area. The most recent EPC inspection was November 2008, where the current energy rating was D, and the potential energy rating was C.

23 NEEDWOOD AVENUE Sold Prices

Land registry data shows three sales for 23 NEEDWOOD AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broxtowe local authority area for the corresponding sale date. All of the three 23 NEEDWOOD AVENUE 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
2018 19 OCT	£225,000	£262,730	14% below HPI
2012 24 AUG	£185,000	£191,805	4% below HPI
2003 17 JAN	£135,000	£154,308	13% below HPI

23 NEEDWOOD AVENUE 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 three 23 NEEDWOOD AVENUE sales between January 2003 and October 2018 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 2012 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the October 2018 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 23 NEEDWOOD AVENUE be worth now?

23 NEEDWOOD AVENUE might now be worth an estimated £304,776.

This is based on house price inflation of 35.5%, between October 2018 and February 2025, for detached houses, in the Broxtowe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.5% inflationary increase is applied to the most recent sale price for 23 NEEDWOOD AVENUE of £225,000 on 19th October 2018. For the value to have increased from £225,000 to £304,776 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of 23 NEEDWOOD AVENUE has moved in line with the HPI for detached houses in the Broxtowe local authority area.
• The October 2018 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 23 NEEDWOOD AVENUE has not materially changed since October 2018.

How Large is 23 NEEDWOOD AVENUE?

23 NEEDWOOD AVENUE is 108m² according to the EPC inspection conducted in November 2008. This puts it in the largest 30% of detached houses houses in Trowell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Trowell, and where 23 NEEDWOOD AVENUE lies on this distribution: 75% of detached houses houses are smaller than 23 NEEDWOOD AVENUE, and 25% of houses are larger. Note that EPC data is not available for all properties in Trowell.

23 NEEDWOOD AVENUE: Plot and Title Map

23 NEEDWOOD AVENUE sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of 23 NEEDWOOD AVENUE, 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 23 NEEDWOOD AVENUE). 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 23 NEEDWOOD AVENUE?

23 NEEDWOOD AVENUE is located in TROWELL, in the NG9 postcode district. The below map shows the position of No. 23 on NEEDWOOD AVENUE.