7, CORNWALL CLOSE, WESTWOOD, NOTTINGHAM, NG16 5JS - £145,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 CORNWALL CLOSE is a very small detached house of 52m², built sometime between 1950 and 1966. It was last sold for £145,000 in October 2019, which was around 29% below the average October 2019 detached price in the Ashfield local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

7 CORNWALL CLOSE Sold Prices

Land registry data shows three sales for 7 CORNWALL CLOSE 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 7 CORNWALL 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 18 OCT	£145,000	£205,659	29% below HPI
2016 31 MAR	£112,000	£170,762	34% below HPI
1998 27 NOV	£27,000	£56,894	53% below HPI

7 CORNWALL CLOSE 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 7 CORNWALL CLOSE sales between November 1998 and October 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 March 2016 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the October 2019 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 7 CORNWALL CLOSE?

7 CORNWALL CLOSE is 52m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 20% of detached houses in Westwood, based on EPC data. The below chart shows the distribution of detached houses by size in Westwood, and where 7 CORNWALL CLOSE lies on this distribution: 15% of detached houses are smaller than 7 CORNWALL CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Westwood.

7 CORNWALL CLOSE: Plot and Title Map

7 CORNWALL CLOSE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 7 CORNWALL 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 CORNWALL 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 CORNWALL CLOSE?

7 CORNWALL CLOSE is located in WESTWOOD, in the NG16 postcode district. The below map shows the position of No. 7 on CORNWALL CLOSE.