7, RICHMOND AVENUE, SANDIACRE, NOTTINGHAM, NG10 5GY - £370,000

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 RICHMOND AVENUE is a large extended detached house of 125m², built sometime between 1950 and 1966, which could now be worth an estimated £378,622. It was last sold for £370,000 in June 2022, which was around 19% above the average June 2022 detached price in the Erewash local authority area. The most recent EPC inspection was December 2021, where the current energy rating was D, and the potential energy rating was B.

7 RICHMOND AVENUE Sold Prices

Land registry data shows three sales for 7 RICHMOND AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. Two of the three 7 RICHMOND AVENUE sales were for above the average price, whilst one 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
2022 27 JUN	£370,000	£311,739	19% above HPI
2011 28 SEP	£190,000	£174,317	9% above HPI
1997 30 MAY	£56,000	£65,644	15% below HPI

7 RICHMOND AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Erewash local authority area over time, sourced from the HPI. The three 7 RICHMOND AVENUE sales between May 1997 and June 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 September 2011 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the June 2022 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 7 RICHMOND AVENUE be worth now?

7 RICHMOND AVENUE might now be worth an estimated £378,622.

This is based on house price inflation of 2.3%, between June 2022 and February 2025, for detached houses, in the Erewash local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.3% inflationary increase is applied to the most recent sale price for 7 RICHMOND AVENUE of £370,000 on 27th June 2022. For the value to have increased from £370,000 to £378,622 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of 7 RICHMOND AVENUE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The June 2022 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 7 RICHMOND AVENUE has not materially changed since June 2022.

How Large is 7 RICHMOND AVENUE?

7 RICHMOND AVENUE is 125m², which includes two extensions, according to the EPC inspection conducted in December 2021. This puts it in the largest 30% of detached houses houses in Sandiacre, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sandiacre, and where 7 RICHMOND AVENUE lies on this distribution: 76% of detached houses houses are smaller than 7 RICHMOND AVENUE, and 24% of houses are larger. Note that EPC data is not available for all properties in Sandiacre.

7 RICHMOND AVENUE: Plot and Title Map

7 RICHMOND AVENUE sits on a plot of roughly 0.132 of an acre, or 536m². The below map shows the location of 7 RICHMOND 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 RICHMOND 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 RICHMOND AVENUE?

7 RICHMOND AVENUE is located in SANDIACRE, in the NG10 postcode district. The below map shows the position of No. 7 on RICHMOND AVENUE.