5, PARK DRIVE, SANDIACRE, NOTTINGHAM, NG10 5NB - £292,500

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 PARK DRIVE is a large detached house of 117m², built sometime between 1950 and 1966, which could now be worth an estimated £468,703. It was last sold for £292,500 in April 2015, which was around 47% above the average April 2015 detached price in the Erewash local authority area. The most recent EPC inspection was February 2013, where the current energy rating was E, and the potential energy rating was C.

5 PARK DRIVE Sold Prices

Land registry data shows two sales for 5 PARK DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. Both of the two 5 PARK DRIVE 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
2015 28 APR	£292,500	£199,078	47% above HPI
2007 5 OCT	£215,000	£198,019	9% above HPI

5 PARK DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Erewash local authority area over time, sourced from the HPI. The two 5 PARK DRIVE sales from October 2007 and April 2015 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 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the April 2015 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

What might 5 PARK DRIVE be worth now?

5 PARK DRIVE might now be worth an estimated £468,703.

This is based on house price inflation of 60.2%, between April 2015 and February 2025, for detached houses, in the Erewash local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 60.2% inflationary increase is applied to the most recent sale price for 5 PARK DRIVE of £292,500 on 28th April 2015. For the value to have increased from £292,500 to £468,703 over the ten years and two months to February 2025, the following assumptions must hold true:

• The value of 5 PARK DRIVE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The April 2015 sale price of £292,500 represented a fair market value for the property.
• The size, condition, and specification of 5 PARK DRIVE has not materially changed since April 2015.

How Large is 5 PARK DRIVE?

5 PARK DRIVE is 117m² according to the EPC inspection conducted in February 2013. This puts it in the largest 30% of detached houses houses in Sandiacre, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sandiacre, and where 5 PARK DRIVE lies on this distribution: 70% of detached houses houses are smaller than 5 PARK DRIVE, and 29% of houses are larger. Note that EPC data is not available for all properties in Sandiacre.

5 PARK DRIVE: Plot and Title Map

5 PARK DRIVE sits on a plot of roughly 0.159 of an acre, or 643m². The below map shows the location of 5 PARK DRIVE, 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 PARK DRIVE). 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 PARK DRIVE?

5 PARK DRIVE is located in SANDIACRE, in the NG10 postcode district. The below map shows the position of No. 5 on PARK DRIVE.