8, VERNON DRIVE, NUTHALL, NOTTINGHAM, NG16 1AR - £225,000

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 VERNON DRIVE is a small extended detached house of 99m², built sometime between 1950 and 1966. It was last sold for £225,000 in May 2017, which was around 3% below the average May 2017 detached price in the Broxtowe local authority area. The most recent EPC inspection was July 2014, where the current energy rating was F, and the potential energy rating was D.

8 VERNON DRIVE Sold Prices

Land registry data shows five sales for 8 VERNON DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Broxtowe local authority area for the corresponding sale date. Most of the five 8 VERNON DRIVE 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 23 MAY	£225,000	£232,827	3% below HPI
2015 27 FEB	£125,000	£204,228	39% below HPI
2008 3 APR	£189,950	£199,158	5% below HPI
2003 19 DEC	£183,000	£171,536	7% above HPI
1997 26 SEP	£60,000	£75,913	21% below HPI

8 VERNON DRIVE 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 five 8 VERNON DRIVE sales between September 1997 and May 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 February 2015 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the May 2017 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 8 VERNON DRIVE?

8 VERNON DRIVE is 99m², which includes one extension, according to the EPC inspection conducted in July 2014. This puts it in the smallest 40% of detached houses in Nuthall, based on EPC data. The below chart shows the distribution of detached houses by size in Nuthall, and where 8 VERNON DRIVE lies on this distribution: 34% of detached houses are smaller than 8 VERNON DRIVE, and 64% of houses are larger. Note that EPC data is not available for all properties in Nuthall.

8 VERNON DRIVE: Plot and Title Map

8 VERNON DRIVE sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of 8 VERNON 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 VERNON 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 VERNON DRIVE?

8 VERNON DRIVE is located in NUTHALL, in the NG16 postcode district. The below map shows the position of No. 8 on VERNON DRIVE.