47, MILL ROAD, NEWTHORPE, NOTTINGHAM, NG16 3QH - £183,585

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.

47 MILL ROAD is a very small extended detached house of 64m², built sometime between 1950 and 1966, which could now be worth an estimated £251,038. It was last sold for £183,585 in February 2019, which was around 29% below the average February 2019 detached price in the Broxtowe local authority area. The most recent EPC inspection was March 2017, where the current energy rating was E, and the potential energy rating was B.

47 MILL ROAD Sold Prices

Land registry data shows two sales for 47 MILL ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broxtowe local authority area for the corresponding sale date. Both of the two 47 MILL 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
2019 20 FEB	£183,585	£260,259	29% below HPI
2017 21 JUL	£142,000	£240,894	41% below HPI

47 MILL 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 two 47 MILL ROAD sales from July 2017 and February 2019 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 2017 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the February 2019 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 47 MILL ROAD be worth now?

47 MILL ROAD might now be worth an estimated £251,038.

This is based on house price inflation of 36.7%, between February 2019 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 36.7% inflationary increase is applied to the most recent sale price for 47 MILL ROAD of £183,585 on 20th February 2019. For the value to have increased from £183,585 to £251,038 over the six years to February 2025, the following assumptions must hold true:

• The value of 47 MILL ROAD has moved in line with the HPI for detached houses in the Broxtowe local authority area.
• The February 2019 sale price of £183,585 represented a fair market value for the property.
• The size, condition, and specification of 47 MILL ROAD has not materially changed since February 2019.

How Large is 47 MILL ROAD?

47 MILL ROAD is 64m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the smallest 20% 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 47 MILL ROAD lies on this distribution: 14% of detached houses houses are smaller than 47 MILL ROAD, and 85% of houses are larger. Note that EPC data is not available for all properties in Eastwood.

47 MILL ROAD: Plot and Title Map

47 MILL ROAD sits on a plot of roughly 0.092 of an acre, or 374m². The below map shows the location of 47 MILL 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 47 MILL 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 47 MILL ROAD?

47 MILL ROAD is located in NEWTHORPE, in the NG16 postcode district. The below map shows the position of No. 47 on MILL ROAD.