51, MILLBANK PLACE, BESTWOOD VILLAGE, NOTTINGHAM, NG6 8EF - £220,000

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

51 MILLBANK PLACE is a small detached house of 88m², built sometime between 2007 and 2011. It was last sold for £220,000 in October 2018, which was around 11% above the average October 2018 detached price in the Ashfield local authority area. The most recent EPC inspection was June 2024, where the current energy rating was C, and the potential energy rating was B.

51 MILLBANK PLACE Sold Prices

Land registry data shows three sales for 51 MILLBANK PLACE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Ashfield local authority area for the corresponding sale date. All of the three 51 MILLBANK PLACE 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
2018 22 OCT	£220,000	£198,220	11% above HPI
2015 25 MAR	£185,000	£159,124	16% above HPI
2011 8 APR	£160,000	£146,075	10% above HPI

51 MILLBANK PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ashfield local authority area over time, sourced from the HPI. The three 51 MILLBANK PLACE sales between April 2011 and October 2018 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 March 2015 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the October 2018 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is 51 MILLBANK PLACE?

51 MILLBANK PLACE is 88m² according to the EPC inspection conducted in June 2024. This puts it in the smallest 30% of detached houses in Bestwood Village, based on EPC data. The below chart shows the distribution of detached houses by size in Bestwood Village, and where 51 MILLBANK PLACE lies on this distribution: 21% of detached houses are smaller than 51 MILLBANK PLACE, and 76% of houses are larger. Note that EPC data is not available for all properties in Bestwood Village.

51 MILLBANK PLACE: Plot and Title Map

51 MILLBANK PLACE sits on a plot of roughly 0.065 of an acre, or 262m². The below map shows the location of 51 MILLBANK PLACE, 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 51 MILLBANK PLACE). 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 51 MILLBANK PLACE?

51 MILLBANK PLACE is located in BESTWOOD VILLAGE, in the NG6 postcode district. The below map shows the position of No. 51 on MILLBANK PLACE.