5, WESTWAY, COTGRAVE, NOTTINGHAM, NG12 3QB - £255,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 WESTWAY is a very small detached house of 84m², built sometime between 1967 and 1975. It was last sold for £255,000 in June 2021, which was around 38% below the average June 2021 detached price in the Rushcliffe local authority area. The most recent EPC inspection was May 2020, where the current energy rating was C, and the potential energy rating was B.

5 WESTWAY Sold Prices

Land registry data shows two sales for 5 WESTWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rushcliffe local authority area for the corresponding sale date. Both of the two 5 WESTWAY 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
2021 28 JUN	£255,000	£410,295	38% below HPI
2005 12 MAY	£68,000	£252,655	73% below HPI

5 WESTWAY 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 two 5 WESTWAY sales from May 2005 and June 2021 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 May 2005 sale was for 73% below the HPI. So the extrapolation line tracks at 73% below the HPI over time, until the June 2021 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 5 WESTWAY?

5 WESTWAY is 84m² according to the EPC inspection conducted in May 2020. This puts it in the smallest 20% of detached houses in Cotgrave, based on EPC data. The below chart shows the distribution of detached houses by size in Cotgrave, and where 5 WESTWAY lies on this distribution: 19% of detached houses are smaller than 5 WESTWAY, and 80% of houses are larger. Note that EPC data is not available for all properties in Cotgrave.

5 WESTWAY: Plot and Title Map

5 WESTWAY sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 5 WESTWAY, 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 WESTWAY). 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 WESTWAY?

5 WESTWAY is located in COTGRAVE, in the NG12 postcode district. The below map shows the position of No. 5 on WESTWAY.