4, CEDAR CLOSE, BINGHAM, NOTTINGHAM, NG13 8GH - £170,000

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

4 CEDAR CLOSE is a very small detached house of 61m², built sometime between 1967 and 1975, which could now be worth an estimated £246,367. It was last sold for £170,000 in February 2016, which was around 49% below the average February 2016 detached price in the Rushcliffe local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

4 CEDAR CLOSE Sold Prices

Land registry data shows three sales for 4 CEDAR CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rushcliffe local authority area for the corresponding sale date. All of the three 4 CEDAR 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
2016 5 FEB	£170,000	£332,949	49% below HPI
2014 22 OCT	£133,000	£299,782	56% below HPI
2008 4 APR	£130,000	£272,668	52% below HPI

4 CEDAR CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rushcliffe local authority area over time, sourced from the HPI. The three 4 CEDAR CLOSE sales between April 2008 and February 2016 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 October 2014 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the February 2016 sale, where it rises to 49% below the HPI. The line then continues to track at 49% below the HPI.

What might 4 CEDAR CLOSE be worth now?

4 CEDAR CLOSE might now be worth an estimated £246,367.

This is based on house price inflation of 44.9%, between February 2016 and December 2024, for 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 44.9% inflationary increase is applied to the most recent sale price for 4 CEDAR CLOSE of £170,000 on 5th February 2016. For the value to have increased from £170,000 to £246,367 over the seven years and two months to December 2024, the following assumptions must hold true:

• The value of 4 CEDAR CLOSE has moved in line with the HPI for detached houses in the Rushcliffe local authority area.
• The February 2016 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 4 CEDAR CLOSE has not materially changed since February 2016.

How Large is 4 CEDAR CLOSE?

4 CEDAR CLOSE is 61m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 10% of detached houses houses in Bingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bingham, and where 4 CEDAR CLOSE lies on this distribution: 4% of detached houses houses are smaller than 4 CEDAR CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Bingham.

4 CEDAR CLOSE: Plot and Title Map

4 CEDAR CLOSE sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of 4 CEDAR 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 4 CEDAR 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 4 CEDAR CLOSE?

4 CEDAR CLOSE is located in BINGHAM, in the NG13 postcode district. The below map shows the position of No. 4 on CEDAR CLOSE.