7, MORLEYS CLOSE, LOWDHAM, NOTTINGHAM, NG14 7HN - £395,000

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 MORLEYS CLOSE is a small extended detached house of 100m², built sometime between 1996 and 2002, which could now be worth an estimated £399,607. It was last sold for £395,000 in October 2022, which was around 14% above the average October 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

7 MORLEYS CLOSE Sold Prices

Land registry data shows four sales for 7 MORLEYS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the four 7 MORLEYS 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
2022 28 OCT	£395,000	£347,935	14% above HPI
2006 4 APR	£243,000	£210,620	15% above HPI
2004 2 JUL	£232,500	£196,580	18% above HPI
1996 28 JUN	£99,950	£76,190	31% above HPI

7 MORLEYS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The four 7 MORLEYS CLOSE sales between June 1996 and October 2022 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 2006 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the October 2022 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 7 MORLEYS CLOSE be worth now?

7 MORLEYS CLOSE might now be worth an estimated £399,607.

This is based on house price inflation of 1.2%, between October 2022 and February 2025, for detached houses, in the Newark and Sherwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.2% inflationary increase is applied to the most recent sale price for 7 MORLEYS CLOSE of £395,000 on 28th October 2022. For the value to have increased from £395,000 to £399,607 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 7 MORLEYS CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The October 2022 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MORLEYS CLOSE has not materially changed since October 2022.

How Large is 7 MORLEYS CLOSE?

7 MORLEYS CLOSE is 100m², which includes one extension, according to the EPC inspection conducted in July 2022. This puts it in the smallest 30% of detached houses houses in Lowdham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lowdham, and where 7 MORLEYS CLOSE lies on this distribution: 26% of detached houses houses are smaller than 7 MORLEYS CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Lowdham.

7 MORLEYS CLOSE: Plot and Title Map

7 MORLEYS CLOSE sits on a plot of roughly 0.097 of an acre, or 392m². The below map shows the location of 7 MORLEYS 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 MORLEYS 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 MORLEYS CLOSE?

7 MORLEYS CLOSE is located in LOWDHAM, in the NG14 postcode district. The below map shows the position of No. 7 on MORLEYS CLOSE.