1, CEDAR CLOSE, BINGHAM, NOTTINGHAM, NG13 8GH - £252,500

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.

1 CEDAR CLOSE is a very small terraced house of 80m², built sometime between 1976 and 1982, which could now be worth an estimated £316,578. It was last sold for £252,500 in June 2020, which was around 32% above the average June 2020 terraced price in the Rushcliffe local authority area. The most recent EPC inspection was June 2015, where the current energy rating was B, and the potential energy rating was A.

1 CEDAR CLOSE Sold Prices

Land registry data shows two sales for 1 CEDAR CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Rushcliffe local authority area for the corresponding sale date. Both of the two 1 CEDAR CLOSE 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
2020 15 JUN	£252,500	£190,767	32% above HPI
2014 17 OCT	£170,000	£149,007	14% above HPI

1 CEDAR CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Rushcliffe local authority area over time, sourced from the HPI. The two 1 CEDAR CLOSE sales from October 2014 and June 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 October 2014 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the June 2020 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

What might 1 CEDAR CLOSE be worth now?

1 CEDAR CLOSE might now be worth an estimated £316,578.

This is based on house price inflation of 25.4%, between June 2020 and June 2025, for terraced 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 25.4% inflationary increase is applied to the most recent sale price for 1 CEDAR CLOSE of £252,500 on 15th June 2020. For the value to have increased from £252,500 to £316,578 over the five years to June 2025, the following assumptions must hold true:

• The value of 1 CEDAR CLOSE has moved in line with the HPI for terraced houses in the Rushcliffe local authority area.
• The June 2020 sale price of £252,500 represented a fair market value for the property.
• The size, condition, and specification of 1 CEDAR CLOSE has not materially changed since June 2020.

How Large is 1 CEDAR CLOSE?

1 CEDAR CLOSE is 80m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 20% of terraced houses houses in Bingham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Bingham, and where 1 CEDAR CLOSE lies on this distribution: 14% of terraced houses houses are smaller than 1 CEDAR CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Bingham.

1 CEDAR CLOSE: Plot and Title Map

1 CEDAR CLOSE sits on a plot of roughly 0.138 of an acre, or 557m². The below map shows the location of 1 CEDAR CLOSE, 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 1 CEDAR CLOSE). 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 1 CEDAR CLOSE?

1 CEDAR CLOSE is located in BINGHAM, in the NG13 postcode district. The below map shows the position of No. 1 on CEDAR CLOSE.