5, GRESHAM CLOSE, WEST BRIDGFORD, NOTTINGHAM, NG2 7RQ - £388,000

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.

5 GRESHAM CLOSE is a very small detached house of 81m², built sometime between 1991 and 1995, which could now be worth an estimated £404,907. It was last sold for £388,000 in December 2024, which was around 19% below the average December 2024 detached price in the Rushcliffe local authority area. The most recent EPC inspection was May 2024, where the current energy rating was D, and the potential energy rating was B.

5 GRESHAM CLOSE Sold Prices

Land registry data shows two sales for 5 GRESHAM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rushcliffe local authority area for the corresponding sale date. Both of the two 5 GRESHAM CLOSE 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
2024 10 DEC	£388,000	£479,352	19% below HPI
2005 2 MAR	£250,000	£260,073	4% below HPI

5 GRESHAM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rushcliffe local authority area over time, sourced from the HPI. The two 5 GRESHAM CLOSE sales from March 2005 and December 2024 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 March 2005 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the December 2024 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 5 GRESHAM CLOSE be worth now?

5 GRESHAM CLOSE might now be worth an estimated £404,907.

This is based on house price inflation of 4.4%, between December 2024 and February 2025, for detached houses, in the Rushcliffe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.4% inflationary increase is applied to the most recent sale price for 5 GRESHAM CLOSE of £388,000 on 10th December 2024. For the value to have increased from £388,000 to £404,907 over the one year and ten months to February 2025, the following assumptions must hold true:

• The value of 5 GRESHAM CLOSE has moved in line with the HPI for detached houses in the Rushcliffe local authority area.
• The December 2024 sale price of £388,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GRESHAM CLOSE has not materially changed since December 2024.

How Large is 5 GRESHAM CLOSE?

5 GRESHAM CLOSE is 81m² according to the EPC inspection conducted in May 2024. This puts it in the smallest 10% of detached houses houses in West Bridgford, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Bridgford, and where 5 GRESHAM CLOSE lies on this distribution: 10% of detached houses houses are smaller than 5 GRESHAM CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in West Bridgford.

5 GRESHAM CLOSE: Plot and Title Map

5 GRESHAM CLOSE sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of 5 GRESHAM 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 5 GRESHAM 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 5 GRESHAM CLOSE?

5 GRESHAM CLOSE is located in WEST BRIDGFORD, in the NG2 postcode district. The below map shows the position of No. 5 on GRESHAM CLOSE.