38, NEWSTEAD DRIVE, WEST BRIDGFORD, NOTTINGHAM, NG2 6LG - £225,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

38 NEWSTEAD DRIVE is a very small semi-detached house of 59m², built sometime between 1967 and 1975, which could now be worth an estimated £299,012. It was last sold for £225,000 in March 2019, which was around 4% below the average March 2019 semi-detached price in the Rushcliffe local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

38 NEWSTEAD DRIVE Sold Prices

Land registry data shows three sales for 38 NEWSTEAD DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Rushcliffe local authority area for the corresponding sale date. All of the three 38 NEWSTEAD 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
2019 15 MAR	£225,000	£234,156	4% below HPI
2015 26 JUN	£165,000	£195,824	16% below HPI
2002 3 MAY	£78,000	£105,080	26% below HPI

38 NEWSTEAD DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Rushcliffe local authority area over time, sourced from the HPI. The three 38 NEWSTEAD DRIVE sales between May 2002 and March 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 2015 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the March 2019 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 38 NEWSTEAD DRIVE be worth now?

38 NEWSTEAD DRIVE might now be worth an estimated £299,012.

This is based on house price inflation of 32.9%, between March 2019 and February 2025, for semi-detached houses, in the Rushcliffe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.9% inflationary increase is applied to the most recent sale price for 38 NEWSTEAD DRIVE of £225,000 on 15th March 2019. For the value to have increased from £225,000 to £299,012 over the six years and one month to February 2025, the following assumptions must hold true:

• The value of 38 NEWSTEAD DRIVE has moved in line with the HPI for semi-detached houses in the Rushcliffe local authority area.
• The March 2019 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 38 NEWSTEAD DRIVE has not materially changed since March 2019.

How Large is 38 NEWSTEAD DRIVE?

38 NEWSTEAD DRIVE is 59m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 10% of semi-detached houses houses in West Bridgford, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in West Bridgford, and where 38 NEWSTEAD DRIVE lies on this distribution: 1% of semi-detached houses houses are smaller than 38 NEWSTEAD DRIVE, and 99% of houses are larger. Note that EPC data is not available for all properties in West Bridgford.

38 NEWSTEAD DRIVE: Plot and Title Map

38 NEWSTEAD DRIVE sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 38 NEWSTEAD 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 38 NEWSTEAD 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 38 NEWSTEAD DRIVE?

38 NEWSTEAD DRIVE is located in WEST BRIDGFORD, in the NG2 postcode district. The below map shows the position of No. 38 on NEWSTEAD DRIVE.