37, PENNINE CLOSE, ARNOLD, NOTTINGHAM, NG5 9PT - £233,200

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

37 PENNINE CLOSE is a small detached house of 93m², built sometime between 1976 and 1982. It was last sold for £233,200 in July 2021, which was around 25% below the average July 2021 detached price in the Gedling local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was B.

37 PENNINE CLOSE Sold Prices

Land registry data shows two sales for 37 PENNINE 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 37 PENNINE 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
2021 13 JUL	£233,200	£309,615	25% below HPI
2014 9 APR	£155,000	£198,108	22% below HPI

37 PENNINE 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 37 PENNINE CLOSE sales from April 2014 and July 2021 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 2014 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the July 2021 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 37 PENNINE CLOSE be worth now?

37 PENNINE CLOSE might now be worth an estimated £282,028.

This is based on house price inflation of 20.9%, between July 2021 and December 2024, 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 20.9% inflationary increase is applied to the most recent sale price for 37 PENNINE CLOSE of £233,200 on 13th July 2021. For the value to have increased from £233,200 to £282,028 over the two years and seven months to December 2024, the following assumptions must hold true:

• The value of 37 PENNINE CLOSE has moved in line with the HPI for detached houses in the Gedling local authority area.
• The July 2021 sale price of £233,200 represented a fair market value for the property.
• The size, condition, and specification of 37 PENNINE CLOSE has not materially changed since July 2021.

How Large is 37 PENNINE CLOSE?

37 PENNINE CLOSE is 93m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 40% 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 37 PENNINE CLOSE lies on this distribution: 38% of detached houses houses are smaller than 37 PENNINE CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

37 PENNINE CLOSE: Plot and Title Map

37 PENNINE CLOSE sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 37 PENNINE 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 37 PENNINE 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 37 PENNINE CLOSE?

37 PENNINE CLOSE is located in ARNOLD, in the NG5 postcode district. The below map shows the position of No. 37 on PENNINE CLOSE.