40, REDWOOD AVENUE, NOTTINGHAM, NG8 2SG - £298,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

40 REDWOOD AVENUE is a very small detached house of 71m², built sometime between 1950 and 1966. It was last sold for £298,000 in July 2020, which was around 15% above the average July 2020 detached price in the City of Nottingham local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was C.

40 REDWOOD AVENUE Sold Prices

Land registry data shows two sales for 40 REDWOOD AVENUE 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 REDWOOD AVENUE sales were for above 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 30 JUL	£298,000	£258,754	15% above HPI
1997 24 JUN	£60,000	£56,546	6% above HPI

40 REDWOOD AVENUE 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 REDWOOD AVENUE sales from June 1997 and July 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 June 1997 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the July 2020 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is 40 REDWOOD AVENUE?

40 REDWOOD AVENUE is 71m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 20% of detached houses in Nottingham, based on EPC data. The below chart shows the distribution of detached houses by size in Nottingham, and where 40 REDWOOD AVENUE lies on this distribution: 11% of detached houses are smaller than 40 REDWOOD AVENUE, and 88% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

40 REDWOOD AVENUE: Plot and Title Map

40 REDWOOD AVENUE sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of 40 REDWOOD AVENUE, 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 REDWOOD AVENUE). 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 REDWOOD AVENUE?

40 REDWOOD AVENUE is located in NOTTINGHAM, in the NG8 postcode district. The below map shows the position of No. 40 on REDWOOD AVENUE.