40, OWTHORPE GROVE, NOTTINGHAM, NG5 2LX - £245,000

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

40 OWTHORPE GROVE is a small detached house of 84m², built sometime between 1950 and 1966, which could now be worth an estimated £295,447. It was last sold for £245,000 in December 2020, which was around 9% below the average December 2020 detached price in the City of Nottingham local authority area. The most recent EPC inspection was October 2017, where the current energy rating was E, and the potential energy rating was C.

40 OWTHORPE GROVE Sold Prices

Land registry data shows two sales for 40 OWTHORPE GROVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the City of Nottingham local authority area for the corresponding sale date. Both of the two 40 OWTHORPE GROVE 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
2020 4 DEC	£245,000	£267,839	9% below HPI
2018 10 JAN	£175,000	£227,022	23% below HPI

40 OWTHORPE GROVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Nottingham local authority area over time, sourced from the HPI. The two 40 OWTHORPE GROVE sales from January 2018 and December 2020 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 January 2018 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the December 2020 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 40 OWTHORPE GROVE be worth now?

40 OWTHORPE GROVE might now be worth an estimated £295,447.

This is based on house price inflation of 20.6%, between December 2020 and December 2024, for detached houses, in the City of Nottingham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.6% inflationary increase is applied to the most recent sale price for 40 OWTHORPE GROVE of £245,000 on 4th December 2020. For the value to have increased from £245,000 to £295,447 over the four years to December 2024, the following assumptions must hold true:

• The value of 40 OWTHORPE GROVE has moved in line with the HPI for detached houses in the City of Nottingham local authority area.
• The December 2020 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 40 OWTHORPE GROVE has not materially changed since December 2020.

How Large is 40 OWTHORPE GROVE?

40 OWTHORPE GROVE is 84m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 30% of detached houses houses in Nottingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nottingham, and where 40 OWTHORPE GROVE lies on this distribution: 23% of detached houses houses are smaller than 40 OWTHORPE GROVE, and 75% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

40 OWTHORPE GROVE: Plot and Title Map

40 OWTHORPE GROVE sits on a plot of roughly 0.038 of an acre, or 153m². The below map shows the location of 40 OWTHORPE GROVE, 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 OWTHORPE GROVE). 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 OWTHORPE GROVE?

40 OWTHORPE GROVE is located in NOTTINGHAM, in the NG5 postcode district. The below map shows the position of No. 40 on OWTHORPE GROVE.