7, CEDAR CLOSE, BINGHAM, NOTTINGHAM, NG13 8GH - £320,000

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

7 CEDAR CLOSE is a very small detached house of 75m², built sometime between 1976 and 1982, which could now be worth an estimated £345,969. It was last sold for £320,000 in May 2022, which was around 28% below the average May 2022 detached price in the Rushcliffe local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was B.

7 CEDAR CLOSE Sold Prices

Land registry data shows two sales for 7 CEDAR CLOSE 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 7 CEDAR 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
2022 27 MAY	£320,000	£446,297	28% below HPI
2019 14 JAN	£227,500	£374,843	39% below HPI

7 CEDAR CLOSE 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 7 CEDAR CLOSE sales from January 2019 and May 2022 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 2019 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the May 2022 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 7 CEDAR CLOSE be worth now?

7 CEDAR CLOSE might now be worth an estimated £345,969.

This is based on house price inflation of 8.1%, between May 2022 and December 2024, for detached houses, in the Rushcliffe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.1% inflationary increase is applied to the most recent sale price for 7 CEDAR CLOSE of £320,000 on 27th May 2022. For the value to have increased from £320,000 to £345,969 over the one year and five months to December 2024, the following assumptions must hold true:

• The value of 7 CEDAR CLOSE has moved in line with the HPI for detached houses in the Rushcliffe local authority area.
• The May 2022 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CEDAR CLOSE has not materially changed since May 2022.

How Large is 7 CEDAR CLOSE?

7 CEDAR CLOSE is 75m² according to the EPC inspection conducted in September 2018. This puts it in the smallest 20% of detached houses houses in Bingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bingham, and where 7 CEDAR CLOSE lies on this distribution: 11% of detached houses houses are smaller than 7 CEDAR CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Bingham.

7 CEDAR CLOSE: Plot and Title Map

7 CEDAR CLOSE sits on a plot of roughly 0.104 of an acre, or 421m². The below map shows the location of 7 CEDAR 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 7 CEDAR 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 7 CEDAR CLOSE?

7 CEDAR CLOSE is located in BINGHAM, in the NG13 postcode district. The below map shows the position of No. 7 on CEDAR CLOSE.