40, MILLFIELD ROAD, KIMBERLEY, NOTTINGHAM, NG16 2LJ - £165,000

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.

40 MILLFIELD ROAD is a small extended detached house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £285,082. It was last sold for £165,000 in November 2014, which was around 20% below the average November 2014 detached price in the Broxtowe local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

40 MILLFIELD ROAD Sold Prices

Land registry data shows three sales for 40 MILLFIELD ROAD 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. All of the three 40 MILLFIELD ROAD 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
2014 28 NOV	£165,000	£205,979	20% below HPI
2007 3 MAY	£135,000	£201,185	33% below HPI
1995 4 AUG	£56,000	£70,708	21% below HPI

40 MILLFIELD ROAD 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 40 MILLFIELD ROAD sales between August 1995 and November 2014 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 May 2007 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the November 2014 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 40 MILLFIELD ROAD be worth now?

40 MILLFIELD ROAD might now be worth an estimated £285,082.

This is based on house price inflation of 72.8%, between November 2014 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 72.8% inflationary increase is applied to the most recent sale price for 40 MILLFIELD ROAD of £165,000 on 28th November 2014. For the value to have increased from £165,000 to £285,082 over the eleven years and nine months to February 2025, the following assumptions must hold true:

• The value of 40 MILLFIELD ROAD has moved in line with the HPI for detached houses in the Broxtowe local authority area.
• The November 2014 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 40 MILLFIELD ROAD has not materially changed since November 2014.

How Large is 40 MILLFIELD ROAD?

40 MILLFIELD ROAD is 84m², which includes one extension, according to the EPC inspection conducted in June 2014. This puts it in the smallest 30% of detached houses houses in Kimberley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Kimberley, and where 40 MILLFIELD ROAD lies on this distribution: 29% of detached houses houses are smaller than 40 MILLFIELD ROAD, and 70% of houses are larger. Note that EPC data is not available for all properties in Kimberley.

40 MILLFIELD ROAD: Plot and Title Map

40 MILLFIELD ROAD sits on a plot of roughly 0.043 of an acre, or 172m². The below map shows the location of 40 MILLFIELD ROAD, 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 40 MILLFIELD ROAD). 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 40 MILLFIELD ROAD?

40 MILLFIELD ROAD is located in KIMBERLEY, in the NG16 postcode district. The below map shows the position of No. 40 on MILLFIELD ROAD.