4, FREDA CLOSE, GEDLING, NOTTINGHAM, NG4 4GP - £245,000

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.

4 FREDA CLOSE is a very small detached house of 69m², built sometime between 1967 and 1975, which could now be worth an estimated £255,471. It was last sold for £245,000 in December 2022, which was around 32% below the average December 2022 detached price in the Gedling local authority area. The most recent EPC inspection was December 2016, where the current energy rating was D, and the potential energy rating was B.

4 FREDA CLOSE Sold Prices

Land registry data shows four sales for 4 FREDA 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 Gedling local authority area for the corresponding sale date. All of the four 4 FREDA 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
2022 19 DEC	£245,000	£358,603	32% below HPI
2022 4 MAR	£230,000	£332,733	31% below HPI
2017 19 MAY	£155,500	£246,229	37% below HPI
2006 9 JUN	£136,000	£201,361	32% below HPI

4 FREDA 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 four 4 FREDA CLOSE sales between June 2006 and December 2022 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 March 2022 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the December 2022 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 4 FREDA CLOSE be worth now?

4 FREDA CLOSE might now be worth an estimated £255,471.

This is based on house price inflation of 4.3%, between December 2022 and February 2025, 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 4.3% inflationary increase is applied to the most recent sale price for 4 FREDA CLOSE of £245,000 on 19th December 2022. For the value to have increased from £245,000 to £255,471 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 4 FREDA CLOSE has moved in line with the HPI for detached houses in the Gedling local authority area.
• The December 2022 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 4 FREDA CLOSE has not materially changed since December 2022.

How Large is 4 FREDA CLOSE?

4 FREDA CLOSE is 69m² according to the EPC inspection conducted in December 2016. This puts it in the smallest 10% of detached houses houses in Carlton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Carlton, and where 4 FREDA CLOSE lies on this distribution: 8% of detached houses houses are smaller than 4 FREDA CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Carlton.

4 FREDA CLOSE: Plot and Title Map

4 FREDA CLOSE sits on a plot of roughly 0.046 of an acre, or 188m². The below map shows the location of 4 FREDA 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 FREDA 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 FREDA CLOSE?

4 FREDA CLOSE is located in GEDLING, in the NG4 postcode district. The below map shows the position of No. 4 on FREDA CLOSE.