FIVE ACRES, HEMPSHILL LANE, NOTTINGHAM, NG6 8PF - £270,000

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.

FIVE ACRES is a very large extended detached house of 144m², built sometime between 1950 and 1966, which could now be worth an estimated £344,273. It was last sold for £270,000 in July 2020, which was around 6% above the average July 2020 detached price in the City of Nottingham local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was C.

FIVE ACRES Sold Prices

Land registry data shows four sales for FIVE ACRES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the City of Nottingham local authority area for the corresponding sale date. two of the four FIVE ACRES sales were for above the average price, and four 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
2020 2 JUL	£270,000	£254,077	6% above HPI
2015 24 APR	£128,000	£183,337	30% below HPI
2012 3 JAN	£150,000	£158,859	6% below HPI
2005 28 JAN	£180,000	£178,839	1% above HPI

FIVE ACRES 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 four FIVE ACRES sales between January 2005 and July 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 April 2015 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the July 2020 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might FIVE ACRES be worth now?

FIVE ACRES might now be worth an estimated £344,273.

This is based on house price inflation of 27.5%, between July 2020 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 27.5% inflationary increase is applied to the most recent sale price for FIVE ACRES of £270,000 on 2nd July 2020. For the value to have increased from £270,000 to £344,273 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of FIVE ACRES has moved in line with the HPI for detached houses in the City of Nottingham local authority area.
• The July 2020 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of FIVE ACRES has not materially changed since July 2020.

How Large is FIVE ACRES?

FIVE ACRES is 144m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the largest 20% 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 FIVE ACRES lies on this distribution: 82% of detached houses houses are smaller than FIVE ACRES, and 18% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

FIVE ACRES: Plot and Title Map

FIVE ACRES sits on a plot of roughly 0.335 of an acre, or 1,355m². The below map shows the location of FIVE ACRES, 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 FIVE ACRES). 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 FIVE ACRES?

FIVE ACRES is located on HEMPSHILL LANE in NOTTINGHAM, in the NG6 postcode district. The below map shows the position of FIVE ACRES on HEMPSHILL LANE.