8, PRESTWOOD DRIVE, NOTTINGHAM, NG8 3LY - £275,000

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.

8 PRESTWOOD DRIVE is a midsized extended detached house of 107m², built sometime between 1950 and 1966, which could now be worth an estimated £396,829. It was last sold for £275,000 in April 2018, which was around 22% above the average April 2018 detached price in the City of Nottingham local authority area. The most recent EPC inspection was September 2017, where the current energy rating was E, and the potential energy rating was B.

8 PRESTWOOD DRIVE Sold Prices

Land registry data shows two sales for 8 PRESTWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the City of Nottingham local authority area for the corresponding sale date. Both of the two 8 PRESTWOOD DRIVE 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
2018 11 APR	£275,000	£224,509	22% above HPI
2014 20 NOV	£220,000	£186,313	18% above HPI

8 PRESTWOOD DRIVE 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 two 8 PRESTWOOD DRIVE sales from November 2014 and April 2018 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 November 2014 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the April 2018 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 8 PRESTWOOD DRIVE be worth now?

8 PRESTWOOD DRIVE might now be worth an estimated £396,829.

This is based on house price inflation of 44.3%, between April 2018 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 44.3% inflationary increase is applied to the most recent sale price for 8 PRESTWOOD DRIVE of £275,000 on 11th April 2018. For the value to have increased from £275,000 to £396,829 over the seven years and two months to February 2025, the following assumptions must hold true:

• The value of 8 PRESTWOOD DRIVE has moved in line with the HPI for detached houses in the City of Nottingham local authority area.
• The April 2018 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 8 PRESTWOOD DRIVE has not materially changed since April 2018.

How Large is 8 PRESTWOOD DRIVE?

8 PRESTWOOD DRIVE is 107m², which includes one extension, according to the EPC inspection conducted in September 2017. This puts it in the largest 50% 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 8 PRESTWOOD DRIVE lies on this distribution: 55% of detached houses houses are smaller than 8 PRESTWOOD DRIVE, and 44% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

8 PRESTWOOD DRIVE: Plot and Title Map

8 PRESTWOOD DRIVE sits on a plot of roughly 0.119 of an acre, or 483m². The below map shows the location of 8 PRESTWOOD DRIVE, 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 8 PRESTWOOD DRIVE). 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 8 PRESTWOOD DRIVE?

8 PRESTWOOD DRIVE is located in NOTTINGHAM, in the NG8 postcode district. The below map shows the position of No. 8 on PRESTWOOD DRIVE.