38, BORMAN CLOSE, NOTTINGHAM, NG6 7AY - £147,500

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

38 BORMAN CLOSE is a very small detached house of 62m², built sometime between 1983 and 1990. It was last sold for £147,500 in August 2019, which was around 38% below the average August 2019 detached price in the City of Nottingham local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was B.

38 BORMAN CLOSE Sold Prices

Land registry data shows four sales for 38 BORMAN 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 City of Nottingham local authority area for the corresponding sale date. two of the four 38 BORMAN CLOSE sales were for below the average price, and four were for above 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
2019 23 AUG	£147,500	£238,934	38% below HPI
2007 21 JUN	£143,000	£141,145	1% above HPI
1997 17 JUL	£47,000	£56,982	18% below HPI
1995 19 MAY	£53,100	£51,876	2% above HPI

38 BORMAN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Nottingham local authority area over time, sourced from the HPI. The four 38 BORMAN CLOSE sales between May 1995 and August 2019 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 June 2007 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the August 2019 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 38 BORMAN CLOSE?

38 BORMAN CLOSE is 62m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 10% of detached houses in Nottingham, based on EPC data. The below chart shows the distribution of detached houses by size in Nottingham, and where 38 BORMAN CLOSE lies on this distribution: 5% of detached houses are smaller than 38 BORMAN CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

38 BORMAN CLOSE: Plot and Title Map

38 BORMAN CLOSE sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of 38 BORMAN 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 38 BORMAN 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 38 BORMAN CLOSE?

38 BORMAN CLOSE is located in NOTTINGHAM, in the NG6 postcode district. The below map shows the position of No. 38 on BORMAN CLOSE.