3, REDCAR CLOSE, GEDLING, NOTTINGHAM, NG4 4EW - £136,000

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 REDCAR CLOSE is a very small detached house of 73m², built sometime between 1983 and 1990, which could now be worth an estimated £238,952. It was last sold for £136,000 in March 2015, which was around 36% below the average March 2015 detached price in the Gedling local authority area. The most recent EPC inspection was May 2009, where the current energy rating was E, and the potential energy rating was D.

3 REDCAR CLOSE Sold Prices

Land registry data shows four sales for 3 REDCAR 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 Gedling local authority area for the corresponding sale date. All of the four 3 REDCAR CLOSE 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
2015 31 MAR	£136,000	£212,822	36% below HPI
2014 13 JAN	£105,000	£197,429	47% below HPI
2005 12 AUG	£129,000	£198,926	35% below HPI
2001 4 SEP	£78,000	£119,067	34% below HPI

3 REDCAR 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 four 3 REDCAR CLOSE sales between September 2001 and March 2015 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 January 2014 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the March 2015 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 3 REDCAR CLOSE be worth now?

3 REDCAR CLOSE might now be worth an estimated £238,952.

This is based on house price inflation of 75.7%, between March 2015 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 75.7% inflationary increase is applied to the most recent sale price for 3 REDCAR CLOSE of £136,000 on 31st March 2015. For the value to have increased from £136,000 to £238,952 over the ten years and one month to February 2025, the following assumptions must hold true:

• The value of 3 REDCAR CLOSE has moved in line with the HPI for detached houses in the Gedling local authority area.
• The March 2015 sale price of £136,000 represented a fair market value for the property.
• The size, condition, and specification of 3 REDCAR CLOSE has not materially changed since March 2015.

How Large is 3 REDCAR CLOSE?

3 REDCAR CLOSE is 73m² according to the EPC inspection conducted in May 2009. This puts it in the smallest 20% of detached houses houses in Carlton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Carlton, and where 3 REDCAR CLOSE lies on this distribution: 12% of detached houses houses are smaller than 3 REDCAR CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Carlton.

3 REDCAR CLOSE: Plot and Title Map

3 REDCAR CLOSE sits on a plot of roughly 0.065 of an acre, or 262m². The below map shows the location of 3 REDCAR 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 REDCAR 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 REDCAR CLOSE?

3 REDCAR CLOSE is located in GEDLING, in the NG4 postcode district. The below map shows the position of No. 3 on REDCAR CLOSE.