7, DE MORGAN CLOSE, UNDERWOOD, NOTTINGHAM, NG16 5EU - £370,000

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 DE MORGAN CLOSE is a midsized extended detached house of 114m², built sometime between 1983 and 1990, which could now be worth an estimated £571,353. It was last sold for £370,000 in January 2016, which was around 118% above the average January 2016 detached price in the Ashfield local authority area. The most recent EPC inspection was December 2010, where the current energy rating was C, and the potential energy rating was C.

7 DE MORGAN CLOSE Sold Prices

Land registry data shows three sales for 7 DE MORGAN 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 DE MORGAN CLOSE 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
2016 29 JAN	£370,000	£169,872	118% above HPI
2011 25 MAR	£305,000	£144,653	111% above HPI
2003 13 JUN	£240,000	£116,989	105% above HPI

7 DE MORGAN 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 DE MORGAN CLOSE sales between June 2003 and January 2016 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 2011 sale was for 111% above the HPI. So the extrapolation line tracks at 111% above the HPI over time, until the January 2016 sale, where it rises to 118% above the HPI. The line then continues to track at 118% above the HPI.

What might 7 DE MORGAN CLOSE be worth now?

7 DE MORGAN CLOSE might now be worth an estimated £571,353.

This is based on house price inflation of 54.4%, between January 2016 and March 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 54.4% inflationary increase is applied to the most recent sale price for 7 DE MORGAN CLOSE of £370,000 on 29th January 2016. For the value to have increased from £370,000 to £571,353 over the eight years and ten months to March 2025, the following assumptions must hold true:

• The value of 7 DE MORGAN CLOSE has moved in line with the HPI for detached houses in the Ashfield local authority area.
• The January 2016 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 7 DE MORGAN CLOSE has not materially changed since January 2016.

How Large is 7 DE MORGAN CLOSE?

7 DE MORGAN CLOSE is 114m², which includes two extensions, according to the EPC inspection conducted in December 2010. This puts it in the largest 50% of detached houses houses in Underwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Underwood, and where 7 DE MORGAN CLOSE lies on this distribution: 58% of detached houses houses are smaller than 7 DE MORGAN CLOSE, and 42% of houses are larger. Note that EPC data is not available for all properties in Underwood.

7 DE MORGAN CLOSE: Plot and Title Map

7 DE MORGAN CLOSE sits on a plot of roughly 0.198 of an acre, or 800m². The below map shows the location of 7 DE MORGAN 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 DE MORGAN 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 DE MORGAN CLOSE?

7 DE MORGAN CLOSE is located in UNDERWOOD, in the NG16 postcode district. The below map shows the position of No. 7 on DE MORGAN CLOSE.