51B, MILL ROAD, NEWTHORPE, NOTTINGHAM, NG16 3QG - £585,000

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

51B MILL ROAD is a very large extended detached house of 137m², built sometime between 2003 and 2006. It was last sold for £585,000 in March 2024, which was around 66% above the average March 2024 detached price in the Broxtowe local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was C.

51B MILL ROAD Sold Prices

Land registry data shows three sales for 51B MILL ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broxtowe local authority area for the corresponding sale date. All of the three 51B MILL ROAD 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
2024 25 MAR	£585,000	£352,447	66% above HPI
2018 30 AUG	£380,000	£255,759	49% above HPI
2014 8 DEC	£360,000	£205,234	75% above HPI

51B MILL ROAD 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 three 51B MILL ROAD sales between December 2014 and March 2024 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 August 2018 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the March 2024 sale, where it rises to 66% above the HPI. The line then continues to track at 66% above the HPI.

How Large is 51B MILL ROAD?

51B MILL ROAD is 137m², which includes one extension, according to the EPC inspection conducted in March 2023. This puts it in the largest 20% of detached houses in Eastwood, based on EPC data. The below chart shows the distribution of detached houses by size in Eastwood, and where 51B MILL ROAD lies on this distribution: 89% of detached houses are smaller than 51B MILL ROAD, and 10% of houses are larger. Note that EPC data is not available for all properties in Eastwood.

51B MILL ROAD: Plot and Title Map

51B MILL ROAD sits on a plot of roughly 0.165 of an acre, or 669m². The below map shows the location of 51B MILL ROAD, 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 51B MILL ROAD). 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 51B MILL ROAD?

51B MILL ROAD is located in NEWTHORPE, in the NG16 postcode district. The below map shows the position of No. 51B on MILL ROAD.