7, PARKLANDS CLOSE, NOTTINGHAM, NG5 9QU - £270,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 PARKLANDS CLOSE is a very large detached house of 173m². It was last sold for £270,000 in October 2016, which was around 14% above the average October 2016 detached price in the Gedling local authority area. The most recent EPC inspection was July 2014, where the current energy rating was B, and the potential energy rating was A.

7 PARKLANDS CLOSE Sold Prices

Land registry data shows two sales for 7 PARKLANDS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gedling local authority area for the corresponding sale date. One of the two 7 PARKLANDS CLOSE sales was for above the average price, whilst the other was 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
2016 14 OCT	£270,000	£237,342	14% above HPI
2015 30 APR	£200,000	£213,589	6% below HPI

7 PARKLANDS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gedling local authority area over time, sourced from the HPI. The two 7 PARKLANDS CLOSE sales from April 2015 and October 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 April 2015 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the October 2016 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 7 PARKLANDS CLOSE be worth now?

7 PARKLANDS CLOSE might now be worth an estimated £425,966.

This is based on house price inflation of 57.8%, between October 2016 and December 2024, for detached houses, in the Gedling local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 57.8% inflationary increase is applied to the most recent sale price for 7 PARKLANDS CLOSE of £270,000 on 14th October 2016. For the value to have increased from £270,000 to £425,966 over the seven years and ten months to December 2024, the following assumptions must hold true:

• The value of 7 PARKLANDS CLOSE has moved in line with the HPI for detached houses in the Gedling local authority area.
• The October 2016 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PARKLANDS CLOSE has not materially changed since October 2016.

How Large is 7 PARKLANDS CLOSE?

7 PARKLANDS CLOSE is 173m² according to the EPC inspection conducted in July 2014. This puts it in the largest 10% of detached houses houses in Nottingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nottingham, and where 7 PARKLANDS CLOSE lies on this distribution: 90% of detached houses houses are smaller than 7 PARKLANDS CLOSE, and 10% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

7 PARKLANDS CLOSE: Plot and Title Map

7 PARKLANDS CLOSE sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 7 PARKLANDS 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 PARKLANDS 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 PARKLANDS CLOSE?

7 PARKLANDS CLOSE is located in NOTTINGHAM, in the NG5 postcode district. The below map shows the position of No. 7 on PARKLANDS CLOSE.