5, REID GARDENS, WATNALL, NOTTINGHAM, NG16 1LG - £125,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 REID GARDENS is a large detached house of 137m², built sometime between 1967 and 1975. It was last sold for £125,000 in December 2001, which was around 10% above the average December 2001 detached price in the Broxtowe local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

5 REID GARDENS Sold Prices

Land registry data shows two sales for 5 REID GARDENS 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 REID GARDENS 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
2001 7 DEC	£125,000	£113,290	10% above HPI
1997 25 JUL	£89,950	£73,315	23% above HPI

5 REID GARDENS 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 REID GARDENS sales from July 1997 and December 2001 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 1997 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the December 2001 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 5 REID GARDENS?

5 REID GARDENS is 137m² according to the EPC inspection conducted in January 2015. This puts it in the largest 40% of detached houses in Watnall, based on EPC data. The below chart shows the distribution of detached houses by size in Watnall, and where 5 REID GARDENS lies on this distribution: 65% of detached houses are smaller than 5 REID GARDENS, and 34% of houses are larger. Note that EPC data is not available for all properties in Watnall.

5 REID GARDENS: Plot and Title Map

5 REID GARDENS sits on a plot of roughly 0.081 of an acre, or 326m². The below map shows the location of 5 REID GARDENS, 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 REID GARDENS). 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 REID GARDENS?

5 REID GARDENS is located in WATNALL, in the NG16 postcode district. The below map shows the position of No. 5 on REID GARDENS.