FOURWAYS, LOMBARD STREET, ORSTON, NOTTINGHAM, NG13 9NG - £265,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

FOURWAYS is a large extended detached house of 191m², built sometime between 1950 and 1966. It was last sold for £265,000 in May 2015, which was around 15% below the average May 2015 detached price in the Rushcliffe local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was B.

FOURWAYS Sold Prices

Land registry data shows two sales for FOURWAYS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rushcliffe local authority area for the corresponding sale date. Both of the two FOURWAYS 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
2015 5 MAY	£265,000	£310,431	15% below HPI
1997 14 AUG	£80,000	£99,679	20% below HPI

FOURWAYS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rushcliffe local authority area over time, sourced from the HPI. The two FOURWAYS sales from August 1997 and May 2015 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 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2015 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is FOURWAYS?

FOURWAYS is 191m², which includes four extensions, according to the EPC inspection conducted in March 2018. This puts it in the largest 40% of detached houses in Orston, based on EPC data. The below chart shows the distribution of detached houses by size in Orston, and where FOURWAYS lies on this distribution: 64% of detached houses are smaller than FOURWAYS, and 36% of houses are larger. Note that EPC data is not available for all properties in Orston.

FOURWAYS: Plot and Title Map

FOURWAYS sits on a plot of roughly 0.163 of an acre, or 661m². The below map shows the location of FOURWAYS, 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 FOURWAYS). 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 FOURWAYS?

FOURWAYS is located on LOMBARD STREET in ORSTON, in the NG13 postcode district. The below map shows the position of FOURWAYS on LOMBARD STREET.