5, SPA CLOSE, SUTTON-IN-ASHFIELD, NG17 5BU - £115,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 SPA CLOSE is a very small semi-detached house of 55m², built sometime between 1983 and 1990, which could now be worth an estimated £154,584. It was last sold for £115,000 in December 2019, which was around 14% below the average December 2019 semi-detached price in the Ashfield local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

5 SPA CLOSE Sold Prices

Land registry data shows two sales for 5 SPA CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Ashfield local authority area for the corresponding sale date. Both of the two 5 SPA 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 6 DEC	£115,000	£133,624	14% below HPI
2000 27 JAN	£29,950	£38,374	22% below HPI

5 SPA CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Ashfield local authority area over time, sourced from the HPI. The two 5 SPA CLOSE sales from January 2000 and December 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 January 2000 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the December 2019 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 5 SPA CLOSE be worth now?

5 SPA CLOSE might now be worth an estimated £154,584.

This is based on house price inflation of 34.4%, between December 2019 and February 2025, for semi-detached houses, in the Ashfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 34.4% inflationary increase is applied to the most recent sale price for 5 SPA CLOSE of £115,000 on 6th December 2019. For the value to have increased from £115,000 to £154,584 over the six years and ten months to February 2025, the following assumptions must hold true:

• The value of 5 SPA CLOSE has moved in line with the HPI for semi-detached houses in the Ashfield local authority area.
• The December 2019 sale price of £115,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SPA CLOSE has not materially changed since December 2019.

How Large is 5 SPA CLOSE?

5 SPA CLOSE is 55m² according to the EPC inspection conducted in August 2019. This puts it in the smallest 10% of semi-detached houses houses in Sutton in Ashfield, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Sutton in Ashfield, and where 5 SPA CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 5 SPA CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Sutton in Ashfield.

5 SPA CLOSE: Plot and Title Map

5 SPA CLOSE sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 5 SPA 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 SPA 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 SPA CLOSE?

5 SPA CLOSE is located in SUTTON-IN-ASHFIELD, in the NG17 postcode district. The below map shows the position of No. 5 on SPA CLOSE.