PEMROSE, WOOD LANE, HUCKNALL, NOTTINGHAM, NG15 6LR - £190,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

PEMROSE is a very small detached house of 53m², built sometime between 1976 and 1982, which could now be worth an estimated £230,159. It was last sold for £190,000 in February 2021, which was around 15% below the average February 2021 detached price in the Ashfield local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

PEMROSE Sold Prices

Land registry data shows two sales for PEMROSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Ashfield local authority area for the corresponding sale date. Both of the two PEMROSE 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
2021 19 FEB	£190,000	£224,253	15% below HPI
2018 28 SEP	£187,000	£197,961	6% below HPI

PEMROSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ashfield local authority area over time, sourced from the HPI. The two PEMROSE sales from September 2018 and February 2021 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 September 2018 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2021 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might PEMROSE be worth now?

PEMROSE might now be worth an estimated £230,159.

This is based on house price inflation of 21.1%, between February 2021 and December 2024, for detached houses, in the Ashfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21.1% inflationary increase is applied to the most recent sale price for PEMROSE of £190,000 on 19th February 2021. For the value to have increased from £190,000 to £230,159 over the two years and two months to December 2024, the following assumptions must hold true:

• The value of PEMROSE has moved in line with the HPI for detached houses in the Ashfield local authority area.
• The February 2021 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of PEMROSE has not materially changed since February 2021.

How Large is PEMROSE?

PEMROSE is 53m² according to the EPC inspection conducted in September 2019. This puts it in the smallest 10% of detached houses houses in Hucknall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hucknall, and where PEMROSE lies on this distribution: 2% of detached houses houses are smaller than PEMROSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Hucknall.

PEMROSE: Plot and Title Map

PEMROSE sits on a plot of roughly 0.113 of an acre, or 458m². The below map shows the location of PEMROSE, 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 PEMROSE). 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 PEMROSE?

PEMROSE is located on WOOD LANE in HUCKNALL, in the NG15 postcode district. The below map shows the position of PEMROSE on WOOD LANE.