8, REID GARDENS, WATNALL, NOTTINGHAM, NG16 1LG - £335,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 REID GARDENS is a midsized detached house of 128m², built sometime between 1996 and 2002. It was last sold for £335,000 in August 2020, which was around 22% above the average August 2020 detached price in the Broxtowe local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was C.

8 REID GARDENS Sold Prices

Land registry data shows two sales for 8 REID GARDENS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broxtowe local authority area for the corresponding sale date. Both of the two 8 REID GARDENS 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
2020 28 AUG	£335,000	£275,267	22% above HPI
1997 29 AUG	£102,950	£74,128	39% above HPI

8 REID GARDENS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broxtowe local authority area over time, sourced from the HPI. The two 8 REID GARDENS sales from August 1997 and August 2020 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 August 1997 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the August 2020 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is 8 REID GARDENS?

8 REID GARDENS is 128m² according to the EPC inspection conducted in March 2015. This puts it in the largest 50% of detached houses in Watnall, based on EPC data. The below chart shows the distribution of detached houses by size in Watnall, and where 8 REID GARDENS lies on this distribution: 55% of detached houses are smaller than 8 REID GARDENS, and 44% of houses are larger. Note that EPC data is not available for all properties in Watnall.

8 REID GARDENS: Plot and Title Map

8 REID GARDENS sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 8 REID GARDENS, 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 REID GARDENS). 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 REID GARDENS?

8 REID GARDENS is located in WATNALL, in the NG16 postcode district. The below map shows the position of No. 8 on REID GARDENS.