7, CUMBERLAND CLOSE, WESTWOOD, NOTTINGHAM, NG16 5JR - £124,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 CUMBERLAND CLOSE is a small extended detached house of 71m², built sometime between 1950 and 1966, which could now be worth an estimated £230,515. It was last sold for £124,000 in February 2012, which was around 14% below the average February 2012 detached price in the Ashfield local authority area. The most recent EPC inspection was February 2010, where the current energy rating was C, and the potential energy rating was C.

7 CUMBERLAND CLOSE Sold Prices

Land registry data shows five sales for 7 CUMBERLAND CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Ashfield local authority area for the corresponding sale date. Most of the five 7 CUMBERLAND 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
2012 29 FEB	£124,000	£143,754	14% below HPI
2010 26 APR	£97,000	£150,429	36% below HPI
2006 23 JAN	£119,950	£152,204	21% below HPI
2005 9 DEC	£130,000	£154,073	16% below HPI
2001 14 DEC	£79,950	£77,294	3% above HPI

7 CUMBERLAND 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 five 7 CUMBERLAND CLOSE sales between December 2001 and February 2012 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 April 2010 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the February 2012 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 7 CUMBERLAND CLOSE be worth now?

7 CUMBERLAND CLOSE might now be worth an estimated £230,515.

This is based on house price inflation of 85.9%, between February 2012 and February 2025, for detached houses, in the Ashfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 85.9% inflationary increase is applied to the most recent sale price for 7 CUMBERLAND CLOSE of £124,000 on 29th February 2012. For the value to have increased from £124,000 to £230,515 over the thirteen years to February 2025, the following assumptions must hold true:

• The value of 7 CUMBERLAND CLOSE has moved in line with the HPI for detached houses in the Ashfield local authority area.
• The February 2012 sale price of £124,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CUMBERLAND CLOSE has not materially changed since February 2012.

How Large is 7 CUMBERLAND CLOSE?

7 CUMBERLAND CLOSE is 71m², which includes one extension, according to the EPC inspection conducted in February 2010. This puts it in the smallest 40% of detached houses houses in Westwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Westwood, and where 7 CUMBERLAND CLOSE lies on this distribution: 39% of detached houses houses are smaller than 7 CUMBERLAND CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Westwood.

7 CUMBERLAND CLOSE: Plot and Title Map

7 CUMBERLAND CLOSE sits on a plot of roughly 0.108 of an acre, or 436m². The below map shows the location of 7 CUMBERLAND 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 CUMBERLAND 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 CUMBERLAND CLOSE?

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