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
3 GROVE MEWS is a very large extended detached house of 153m², built sometime before 1900. It was last sold for £250,000 in December 2017, which was around 4% above the average December 2017 detached price in the Broxtowe local authority area. The most recent EPC inspection was August 2017, where the current energy rating was E, and the potential energy rating was C.
Land registry data shows four sales for 3 GROVE MEWS since 1st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Broxtowe local authority area for the corresponding sale date. All of the four 3 GROVE MEWS 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 |
---|---|---|---|
2017 15 DEC | £250,000 | £241,208 | 4% above HPI |
2005 4 NOV | £220,000 | £190,645 | 15% above HPI |
2003 11 NOV | £189,950 | £170,240 | 12% above HPI |
2002 22 FEB | £136,000 | £116,108 | 17% above HPI |
The below graph shows the average detached house price in the Broxtowe local authority area over time, sourced from the HPI. The four 3 GROVE MEWS sales between February 2002 and December 2017 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 2005 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the December 2017 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.
3 GROVE MEWS is 153m², which includes one extension, according to the EPC inspection conducted in August 2017. This puts it in the largest 10% of detached houses in Eastwood, based on EPC data. The below chart shows the distribution of detached houses by size in Eastwood, and where 3 GROVE MEWS lies on this distribution: 94% of detached houses are smaller than 3 GROVE MEWS, and 6% of houses are larger. Note that EPC data is not available for all properties in Eastwood.
3 GROVE MEWS sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of 3 GROVE MEWS, 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 3 GROVE MEWS). 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.
3 GROVE MEWS is located in EASTWOOD, in the NG16 postcode district. The below map shows the position of No. 3 on GROVE MEWS.