THE HOMESTEAD, 55, LOUGHBOROUGH ROAD, RUDDINGTON, NOTTINGHAM, NG11 6LL - £915,000

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.

THE HOMESTEAD is a small extended detached house of 116m², built sometime between 1930 and 1949, which could now be worth an estimated £1,111,415. It was last sold for £915,000 in February 2021, which was around 122% above the average February 2021 detached price in the Rushcliffe local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was D.

THE HOMESTEAD Sold Prices

Land registry data shows three sales for THE HOMESTEAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rushcliffe local authority area for the corresponding sale date. All of the three THE HOMESTEAD 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
2021 10 FEB	£915,000	£411,835	122% above HPI
2013 18 DEC	£655,500	£286,260	129% above HPI
2010 30 JUL	£395,000	£273,482	44% above HPI

THE HOMESTEAD 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 three THE HOMESTEAD sales between July 2010 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 December 2013 sale was for 129% above the HPI. So the extrapolation line tracks at 129% above the HPI over time, until the February 2021 sale, where it falls to 122% above the HPI. The line then continues to track at 122% above the HPI.

What might THE HOMESTEAD be worth now?

THE HOMESTEAD might now be worth an estimated £1,111,415.

This is based on house price inflation of 21.5%, between February 2021 and February 2025, for detached houses, in the Rushcliffe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21.5% inflationary increase is applied to the most recent sale price for THE HOMESTEAD of £915,000 on 10th February 2021. For the value to have increased from £915,000 to £1,111,415 over the four years to February 2025, the following assumptions must hold true:

• The value of THE HOMESTEAD has moved in line with the HPI for detached houses in the Rushcliffe local authority area.
• The February 2021 sale price of £915,000 represented a fair market value for the property.
• The size, condition, and specification of THE HOMESTEAD has not materially changed since February 2021.

How Large is THE HOMESTEAD?

THE HOMESTEAD is 116m², which includes one extension, according to the EPC inspection conducted in May 2010. This puts it in the smallest 40% of detached houses houses in Ruddington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ruddington, and where THE HOMESTEAD lies on this distribution: 39% of detached houses houses are smaller than THE HOMESTEAD, and 61% of houses are larger. Note that EPC data is not available for all properties in Ruddington.

THE HOMESTEAD: Plot and Title Map

THE HOMESTEAD sits on a plot of roughly 0.453 of an acre, or 1,835m². The below map shows the location of THE HOMESTEAD, 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 THE HOMESTEAD). 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 THE HOMESTEAD?

THE HOMESTEAD is located on LOUGHBOROUGH ROAD in RUDDINGTON, in the NG11 postcode district. The below map shows the position of THE HOMESTEAD on LOUGHBOROUGH ROAD.