3, SALCOMBE DRIVE, REDHILL, NOTTINGHAM, NG5 8JF - £295,000

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 SALCOMBE DRIVE is a large detached house of 126m², built sometime between 1967 and 1975. It was last sold for £295,000 in February 2017, which was around 26% above the average February 2017 detached price in the Gedling local authority area. The most recent EPC inspection was November 2016, where the current energy rating was C, and the potential energy rating was B.

3 SALCOMBE DRIVE Sold Prices

Land registry data shows two sales for 3 SALCOMBE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gedling local authority area for the corresponding sale date. One of the two 3 SALCOMBE DRIVE sales was for above the average price, whilst the other was 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
2017 10 FEB	£295,000	£233,341	26% above HPI
2015 12 JAN	£184,000	£207,332	11% below HPI

3 SALCOMBE DRIVE 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 two 3 SALCOMBE DRIVE sales from January 2015 and February 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 January 2015 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the February 2017 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is 3 SALCOMBE DRIVE?

3 SALCOMBE DRIVE is 126m² according to the EPC inspection conducted in November 2016. This puts it in the largest 40% of detached houses in Arnold, based on EPC data. The below chart shows the distribution of detached houses by size in Arnold, and where 3 SALCOMBE DRIVE lies on this distribution: 66% of detached houses are smaller than 3 SALCOMBE DRIVE, and 33% of houses are larger. Note that EPC data is not available for all properties in Arnold.

3 SALCOMBE DRIVE: Plot and Title Map

3 SALCOMBE DRIVE sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 3 SALCOMBE DRIVE, 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 SALCOMBE DRIVE). 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 SALCOMBE DRIVE?

3 SALCOMBE DRIVE is located in REDHILL, in the NG5 postcode district. The below map shows the position of No. 3 on SALCOMBE DRIVE.