7, MERCIA AVENUE, CROPWELL BISHOP, NOTTINGHAM, NG12 3DQ - £274,950

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

7 MERCIA AVENUE is a very small extended detached house of 84m², built sometime between 1976 and 1982. It was last sold for £274,950 in September 2017, which was around 23% below the average September 2017 detached price in the Rushcliffe local authority area. The most recent EPC inspection was March 2017, where the current energy rating was C, and the potential energy rating was B.

7 MERCIA AVENUE Sold Prices

Land registry data shows two sales for 7 MERCIA AVENUE 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 MERCIA AVENUE 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
2017 21 SEP	£274,950	£357,885	23% below HPI
2010 18 FEB	£165,000	£264,940	38% below HPI

7 MERCIA AVENUE 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 MERCIA AVENUE sales from February 2010 and September 2017 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 February 2010 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the September 2017 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 7 MERCIA AVENUE?

7 MERCIA AVENUE is 84m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the smallest 10% of detached houses in Cropwell Bishop, based on EPC data. The below chart shows the distribution of detached houses by size in Cropwell Bishop, and where 7 MERCIA AVENUE lies on this distribution: 8% of detached houses are smaller than 7 MERCIA AVENUE, and 89% of houses are larger. Note that EPC data is not available for all properties in Cropwell Bishop.

7 MERCIA AVENUE: Plot and Title Map

7 MERCIA AVENUE sits on a plot of roughly 0.102 of an acre, or 413m². The below map shows the location of 7 MERCIA AVENUE, 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 MERCIA AVENUE). 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 MERCIA AVENUE?

7 MERCIA AVENUE is located in CROPWELL BISHOP, in the NG12 postcode district. The below map shows the position of No. 7 on MERCIA AVENUE.