5, MERCIA CLOSE, GILTBROOK, NOTTINGHAM, NG16 2XF - £325,000

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 MERCIA CLOSE is a midsized extended detached house of 94m², built sometime between 2003 and 2006, which could now be worth an estimated £351,191. It was last sold for £325,000 in May 2022, which was around 1% below the average May 2022 detached price in the Broxtowe local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

5 MERCIA CLOSE Sold Prices

Land registry data shows two sales for 5 MERCIA 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 Broxtowe local authority area for the corresponding sale date. Both of the two 5 MERCIA 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
2022 16 MAY	£325,000	£329,343	1% below HPI
2005 7 OCT	£184,950	£196,634	6% below HPI

5 MERCIA CLOSE 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 5 MERCIA CLOSE sales from October 2005 and May 2022 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 October 2005 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the May 2022 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 5 MERCIA CLOSE be worth now?

5 MERCIA CLOSE might now be worth an estimated £351,191.

This is based on house price inflation of 8.1%, between May 2022 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 8.1% inflationary increase is applied to the most recent sale price for 5 MERCIA CLOSE of £325,000 on 16th May 2022. For the value to have increased from £325,000 to £351,191 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 5 MERCIA CLOSE has moved in line with the HPI for detached houses in the Broxtowe local authority area.
• The May 2022 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MERCIA CLOSE has not materially changed since May 2022.

How Large is 5 MERCIA CLOSE?

5 MERCIA CLOSE is 94m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the largest 50% 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 5 MERCIA CLOSE lies on this distribution: 56% of detached houses houses are smaller than 5 MERCIA CLOSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Eastwood.

5 MERCIA CLOSE: Plot and Title Map

5 MERCIA CLOSE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 5 MERCIA 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 MERCIA 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 MERCIA CLOSE?

5 MERCIA CLOSE is located in GILTBROOK, in the NG16 postcode district. The below map shows the position of No. 5 on MERCIA CLOSE.