7, MILLBANK PLACE, BESTWOOD VILLAGE, NOTTINGHAM, NG6 8EF - £398,000

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 MILLBANK PLACE is a very large detached house of 165m², built sometime between 2007 and 2011. It was last sold for £398,000 in May 2024, which was around 48% above the average May 2024 detached price in the Ashfield local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was B.

7 MILLBANK PLACE Sold Prices

Land registry data shows two sales for 7 MILLBANK PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Ashfield local authority area for the corresponding sale date. Both of the two 7 MILLBANK PLACE 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
2024 22 MAY	£398,000	£268,705	48% above HPI
2007 22 JUN	£295,000	£156,428	89% above HPI

7 MILLBANK PLACE 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 two 7 MILLBANK PLACE sales from June 2007 and May 2024 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 June 2007 sale was for 89% above the HPI. So the extrapolation line tracks at 89% above the HPI over time, until the May 2024 sale, where it falls to 48% above the HPI. The line then continues to track at 48% above the HPI.

How Large is 7 MILLBANK PLACE?

7 MILLBANK PLACE is 165m² according to the EPC inspection conducted in February 2023. This puts it in the largest 20% of detached houses in Bestwood Village, based on EPC data. The below chart shows the distribution of detached houses by size in Bestwood Village, and where 7 MILLBANK PLACE lies on this distribution: 88% of detached houses are smaller than 7 MILLBANK PLACE, and 12% of houses are larger. Note that EPC data is not available for all properties in Bestwood Village.

7 MILLBANK PLACE: Plot and Title Map

7 MILLBANK PLACE sits on a plot of roughly 0.082 of an acre, or 330m². The below map shows the location of 7 MILLBANK PLACE, 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 MILLBANK PLACE). 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 MILLBANK PLACE?

7 MILLBANK PLACE is located in BESTWOOD VILLAGE, in the NG6 postcode district. The below map shows the position of No. 7 on MILLBANK PLACE.