7, THE MILL CLOSE, OLD BASFORD, NOTTINGHAM, NG6 0GB - £70,000

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 THE MILL CLOSE is a very small detached house of 56m², built sometime between 1996 and 2002, which could now be worth an estimated £103,868. It was last sold for £70,000 in August 2017, which was around 68% below the average August 2017 detached price in the City of Nottingham local authority area. The most recent EPC inspection was August 2012, where the current energy rating was C, and the potential energy rating was C.

7 THE MILL CLOSE Sold Prices

Land registry data shows three sales for 7 THE MILL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the City of Nottingham local authority area for the corresponding sale date. All of the three 7 THE MILL CLOSE 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 7 AUG	£70,000	£218,333	68% below HPI
1999 1 OCT	£36,700	£80,611	54% below HPI
1996 29 NOV	£24,000	£68,030	65% below HPI

7 THE MILL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Nottingham local authority area over time, sourced from the HPI. The three 7 THE MILL CLOSE sales between November 1996 and August 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 October 1999 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the August 2017 sale, where it falls to 68% below the HPI. The line then continues to track at 68% below the HPI.

What might 7 THE MILL CLOSE be worth now?

7 THE MILL CLOSE might now be worth an estimated £103,868.

This is based on house price inflation of 48.4%, between August 2017 and February 2025, for detached houses, in the City of Nottingham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 48.4% inflationary increase is applied to the most recent sale price for 7 THE MILL CLOSE of £70,000 on 7th August 2017. For the value to have increased from £70,000 to £103,868 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of 7 THE MILL CLOSE has moved in line with the HPI for detached houses in the City of Nottingham local authority area.
• The August 2017 sale price of £70,000 represented a fair market value for the property.
• The size, condition, and specification of 7 THE MILL CLOSE has not materially changed since August 2017.

How Large is 7 THE MILL CLOSE?

7 THE MILL CLOSE is 56m² according to the EPC inspection conducted in August 2012. This puts it in the smallest 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 THE MILL CLOSE lies on this distribution: 3% of detached houses houses are smaller than 7 THE MILL CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

7 THE MILL CLOSE: Plot and Title Map

7 THE MILL CLOSE sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 7 THE MILL 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 THE MILL 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 THE MILL CLOSE?

7 THE MILL CLOSE is located in OLD BASFORD, in the NG6 postcode district. The below map shows the position of No. 7 on THE MILL CLOSE.