3, PARKLANDS CLOSE, NOTTINGHAM, NG5 9QU - £282,000

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.

3 PARKLANDS CLOSE is a midsized detached house of 109m², built sometime between 1991 and 1995, which could now be worth an estimated £302,897. It was last sold for £282,000 in June 2024, which was around 19% below the average June 2024 detached price in the Gedling local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was B.

3 PARKLANDS CLOSE Sold Prices

Land registry data shows three sales for 3 PARKLANDS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gedling local authority area for the corresponding sale date. Two of the three 3 PARKLANDS CLOSE sales were for below the average price, whilst one was 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
2024 11 JUN	£282,000	£348,132	19% below HPI
2020 14 MAY	£220,000	£277,741	21% below HPI
1997 26 SEP	£92,950	£80,146	16% above HPI

3 PARKLANDS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gedling local authority area over time, sourced from the HPI. The three 3 PARKLANDS CLOSE sales between September 1997 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 May 2020 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the June 2024 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 3 PARKLANDS CLOSE be worth now?

3 PARKLANDS CLOSE might now be worth an estimated £302,897.

This is based on house price inflation of 7.4%, between June 2024 and February 2025, for detached houses, in the Gedling local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.4% inflationary increase is applied to the most recent sale price for 3 PARKLANDS CLOSE of £282,000 on 11th June 2024. For the value to have increased from £282,000 to £302,897 over the one year and four months to February 2025, the following assumptions must hold true:

• The value of 3 PARKLANDS CLOSE has moved in line with the HPI for detached houses in the Gedling local authority area.
• The June 2024 sale price of £282,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PARKLANDS CLOSE has not materially changed since June 2024.

How Large is 3 PARKLANDS CLOSE?

3 PARKLANDS CLOSE is 109m² according to the EPC inspection conducted in September 2019. This puts it in the largest 50% of detached houses houses in Nottingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nottingham, and where 3 PARKLANDS CLOSE lies on this distribution: 58% of detached houses houses are smaller than 3 PARKLANDS CLOSE, and 42% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

3 PARKLANDS CLOSE: Plot and Title Map

3 PARKLANDS CLOSE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 3 PARKLANDS 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 PARKLANDS 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 PARKLANDS CLOSE?

3 PARKLANDS CLOSE is located in NOTTINGHAM, in the NG5 postcode district. The below map shows the position of No. 3 on PARKLANDS CLOSE.