3, WAVENEY CLOSE, ARNOLD, NOTTINGHAM, NG5 6QH - £245,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 WAVENEY CLOSE is a small detached house of 85m², built sometime between 1950 and 1966, which could now be worth an estimated £355,209. It was last sold for £245,000 in February 2018, which was around 5% below the average February 2018 detached price in the Gedling local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

3 WAVENEY CLOSE Sold Prices

Land registry data shows two sales for 3 WAVENEY CLOSE 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. Both of the two 3 WAVENEY 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
2018 19 FEB	£245,000	£257,912	5% below HPI
2014 30 MAY	£169,950	£197,015	14% below HPI

3 WAVENEY 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 two 3 WAVENEY CLOSE sales from May 2014 and February 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 May 2014 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the February 2018 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 3 WAVENEY CLOSE be worth now?

3 WAVENEY CLOSE might now be worth an estimated £355,209.

This is based on house price inflation of 45%, between February 2018 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 45% inflationary increase is applied to the most recent sale price for 3 WAVENEY CLOSE of £245,000 on 19th February 2018. For the value to have increased from £245,000 to £355,209 over the seven years to February 2025, the following assumptions must hold true:

• The value of 3 WAVENEY CLOSE has moved in line with the HPI for detached houses in the Gedling local authority area.
• The February 2018 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 3 WAVENEY CLOSE has not materially changed since February 2018.

How Large is 3 WAVENEY CLOSE?

3 WAVENEY CLOSE is 85m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 30% of detached houses houses in Arnold, based on EPC data. The below chart shows the distribution of detached houses houses by size in Arnold, and where 3 WAVENEY CLOSE lies on this distribution: 20% of detached houses houses are smaller than 3 WAVENEY CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Arnold.

3 WAVENEY CLOSE: Plot and Title Map

3 WAVENEY CLOSE sits on a plot of roughly 0.074 of an acre, or 301m². The below map shows the location of 3 WAVENEY 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 WAVENEY 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 WAVENEY CLOSE?

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