7, HOLMEWOOD DRIVE, GILTBROOK, NOTTINGHAM, NG16 2UG - £180,000

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 HOLMEWOOD DRIVE is a very large detached house of 138m², built sometime between 1983 and 1990, which could now be worth an estimated £338,995. It was last sold for £180,000 in February 2011, which was around 5% below the average February 2011 detached price in the Broxtowe local authority area. The most recent EPC inspection was August 2009, where the current energy rating was D, and the potential energy rating was D.

7 HOLMEWOOD DRIVE Sold Prices

Land registry data shows three sales for 7 HOLMEWOOD DRIVE 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. Two of the three 7 HOLMEWOOD DRIVE sales were for below the average price, whilst one was 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
2011 4 FEB	£180,000	£188,968	5% below HPI
2002 25 JAN	£109,950	£115,028	4% below HPI
1996 24 MAY	£78,500	£68,697	14% above HPI

7 HOLMEWOOD DRIVE 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 7 HOLMEWOOD DRIVE sales between May 1996 and February 2011 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 2002 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the February 2011 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 7 HOLMEWOOD DRIVE be worth now?

7 HOLMEWOOD DRIVE might now be worth an estimated £338,995.

This is based on house price inflation of 88.3%, between February 2011 and February 2025, for detached houses, in the Broxtowe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 88.3% inflationary increase is applied to the most recent sale price for 7 HOLMEWOOD DRIVE of £180,000 on 4th February 2011. For the value to have increased from £180,000 to £338,995 over the fourteen years to February 2025, the following assumptions must hold true:

• The value of 7 HOLMEWOOD DRIVE has moved in line with the HPI for detached houses in the Broxtowe local authority area.
• The February 2011 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 7 HOLMEWOOD DRIVE has not materially changed since February 2011.

How Large is 7 HOLMEWOOD DRIVE?

7 HOLMEWOOD DRIVE is 138m² according to the EPC inspection conducted in August 2009. This puts it in the largest 10% of detached houses houses in Eastwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Eastwood, and where 7 HOLMEWOOD DRIVE lies on this distribution: 90% of detached houses houses are smaller than 7 HOLMEWOOD DRIVE, and 10% of houses are larger. Note that EPC data is not available for all properties in Eastwood.

7 HOLMEWOOD DRIVE: Plot and Title Map

7 HOLMEWOOD DRIVE sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 7 HOLMEWOOD DRIVE, 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 HOLMEWOOD DRIVE). 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 HOLMEWOOD DRIVE?

7 HOLMEWOOD DRIVE is located in GILTBROOK, in the NG16 postcode district. The below map shows the position of No. 7 on HOLMEWOOD DRIVE.