31, VERNON DRIVE, NUTHALL, NOTTINGHAM, NG16 1AR - £195,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

31 VERNON DRIVE is a very small detached house of 63m², built sometime between 1967 and 1975. It was last sold for £195,000 in February 2017, which was around 16% below the average February 2017 detached price in the Broxtowe local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

31 VERNON DRIVE Sold Prices

Land registry data shows three sales for 31 VERNON DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broxtowe local authority area for the corresponding sale date. All of the three 31 VERNON DRIVE 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
2017 10 FEB	£195,000	£233,150	16% below HPI
2015 24 APR	£122,000	£208,821	42% below HPI
2003 12 FEB	£77,470	£158,880	51% below HPI

31 VERNON DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broxtowe local authority area over time, sourced from the HPI. The three 31 VERNON DRIVE sales between February 2003 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 April 2015 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the February 2017 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 31 VERNON DRIVE?

31 VERNON DRIVE is 63m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 10% of detached houses in Nuthall, based on EPC data. The below chart shows the distribution of detached houses by size in Nuthall, and where 31 VERNON DRIVE lies on this distribution: 2% of detached houses are smaller than 31 VERNON DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Nuthall.

31 VERNON DRIVE: Plot and Title Map

31 VERNON DRIVE sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of 31 VERNON 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 31 VERNON 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 31 VERNON DRIVE?

31 VERNON DRIVE is located in NUTHALL, in the NG16 postcode district. The below map shows the position of No. 31 on VERNON DRIVE.