3, MARHAM CLOSE, NOTTINGHAM, NG2 4GR - £150,000

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

3 MARHAM CLOSE is a very small detached house of 70m², built sometime between 1996 and 2002. It was last sold for £150,000 in December 2018, which was around 39% below the average December 2018 detached price in the City of Nottingham local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was B.

3 MARHAM CLOSE Sold Prices

Land registry data shows four sales for 3 MARHAM 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 City of Nottingham local authority area for the corresponding sale date. two of the four 3 MARHAM CLOSE sales were for below the average price, and four 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
2018 14 DEC	£150,000	£244,863	39% below HPI
1999 9 JUN	£57,000	£59,902	5% below HPI
1998 18 DEC	£59,000	£58,051	2% above HPI
1998 27 MAR	£64,450	£55,035	17% above HPI

3 MARHAM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Nottingham local authority area over time, sourced from the HPI. The four 3 MARHAM CLOSE sales between March 1998 and December 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 June 1999 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the December 2018 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 3 MARHAM CLOSE?

3 MARHAM CLOSE is 70m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 20% of detached houses in Nottingham, based on EPC data. The below chart shows the distribution of detached houses by size in Nottingham, and where 3 MARHAM CLOSE lies on this distribution: 10% of detached houses are smaller than 3 MARHAM CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

3 MARHAM CLOSE: Plot and Title Map

3 MARHAM CLOSE sits on a plot of roughly 0.053 of an acre, or 215m². The below map shows the location of 3 MARHAM 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 3 MARHAM 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 3 MARHAM CLOSE?

3 MARHAM CLOSE is located in NOTTINGHAM, in the NG2 postcode district. The below map shows the position of No. 3 on MARHAM CLOSE.