4, MERCIA CLOSE, GILTBROOK, NOTTINGHAM, NG16 2XF - £325,000

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 MERCIA CLOSE is a large detached house of 103m², built sometime between 1996 and 2002, which could now be worth an estimated £359,143. It was last sold for £325,000 in January 2022, which was around 1% above the average January 2022 detached price in the Broxtowe local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

4 MERCIA CLOSE Sold Prices

Land registry data shows three sales for 4 MERCIA 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 Broxtowe local authority area for the corresponding sale date. Two of the three 4 MERCIA CLOSE sales were for above the average price, whilst one was 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 28 JAN	£325,000	£322,051	1% above HPI
2004 23 JUL	£180,000	£187,981	4% below HPI
2000 26 MAY	£101,950	£91,916	11% above HPI

4 MERCIA CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broxtowe local authority area over time, sourced from the HPI. The three 4 MERCIA CLOSE sales between May 2000 and January 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 July 2004 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the January 2022 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 4 MERCIA CLOSE be worth now?

4 MERCIA CLOSE might now be worth an estimated £359,143.

This is based on house price inflation of 10.5%, between January 2022 and February 2025, for detached houses, in the Broxtowe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.5% inflationary increase is applied to the most recent sale price for 4 MERCIA CLOSE of £325,000 on 28th January 2022. For the value to have increased from £325,000 to £359,143 over the two years and eleven months to February 2025, the following assumptions must hold true:

• The value of 4 MERCIA CLOSE has moved in line with the HPI for detached houses in the Broxtowe local authority area.
• The January 2022 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MERCIA CLOSE has not materially changed since January 2022.

How Large is 4 MERCIA CLOSE?

4 MERCIA CLOSE is 103m² according to the EPC inspection conducted in May 2014. This puts it in the largest 40% of detached houses houses in Eastwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Eastwood, and where 4 MERCIA CLOSE lies on this distribution: 66% of detached houses houses are smaller than 4 MERCIA CLOSE, and 33% of houses are larger. Note that EPC data is not available for all properties in Eastwood.

4 MERCIA CLOSE: Plot and Title Map

4 MERCIA CLOSE sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 4 MERCIA 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 MERCIA 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 MERCIA CLOSE?

4 MERCIA CLOSE is located in GILTBROOK, in the NG16 postcode district. The below map shows the position of No. 4 on MERCIA CLOSE.