5, MILLBECK CLOSE, GAMSTON, NOTTINGHAM, NG2 6PY - £320,000

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 MILLBECK CLOSE is a very small detached house of 82m², built sometime between 1983 and 1990, which could now be worth an estimated £418,151. It was last sold for £320,000 in July 2019, which was around 16% below the average July 2019 detached price in the Rushcliffe local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

5 MILLBECK CLOSE Sold Prices

Land registry data shows three sales for 5 MILLBECK CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rushcliffe local authority area for the corresponding sale date. All of the three 5 MILLBECK 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
2019 5 JUL	£320,000	£382,821	16% below HPI
2007 19 OCT	£214,000	£286,312	25% below HPI
2000 1 JUN	£117,500	£134,874	13% below HPI

5 MILLBECK 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 three 5 MILLBECK CLOSE sales between June 2000 and July 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 October 2007 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the July 2019 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 5 MILLBECK CLOSE be worth now?

5 MILLBECK CLOSE might now be worth an estimated £418,151.

This is based on house price inflation of 30.7%, between July 2019 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 30.7% inflationary increase is applied to the most recent sale price for 5 MILLBECK CLOSE of £320,000 on 5th July 2019. For the value to have increased from £320,000 to £418,151 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of 5 MILLBECK CLOSE has moved in line with the HPI for detached houses in the Rushcliffe local authority area.
• The July 2019 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MILLBECK CLOSE has not materially changed since July 2019.

How Large is 5 MILLBECK CLOSE?

5 MILLBECK CLOSE is 82m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 20% of detached houses houses in Gamston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gamston, and where 5 MILLBECK CLOSE lies on this distribution: 10% of detached houses houses are smaller than 5 MILLBECK CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Gamston.

5 MILLBECK CLOSE: Plot and Title Map

5 MILLBECK CLOSE sits on a plot of roughly 0.059 of an acre, or 240m². The below map shows the location of 5 MILLBECK 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 MILLBECK 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 MILLBECK CLOSE?

5 MILLBECK CLOSE is located in GAMSTON, in the NG2 postcode district. The below map shows the position of No. 5 on MILLBECK CLOSE.