15, RICHMOND AVENUE, NEWTHORPE, NOTTINGHAM, NG16 2EQ - £215,000

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.

15 RICHMOND AVENUE is a very small detached house of 56m², built sometime between 1976 and 1982, which could now be worth an estimated £265,915. It was last sold for £215,000 in August 2021, which was around 29% below the average August 2021 detached price in the Broxtowe local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

15 RICHMOND AVENUE Sold Prices

Land registry data shows two sales for 15 RICHMOND AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broxtowe local authority area for the corresponding sale date. Both of the two 15 RICHMOND AVENUE 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 13 AUG	£215,000	£302,267	29% below HPI
2020 13 AUG	£160,000	£278,454	43% below HPI

15 RICHMOND AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broxtowe local authority area over time, sourced from the HPI. The two 15 RICHMOND AVENUE sales from August 2020 and August 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 August 2020 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the August 2021 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 15 RICHMOND AVENUE be worth now?

15 RICHMOND AVENUE might now be worth an estimated £265,915.

This is based on house price inflation of 23.7%, between August 2021 and July 2025, for detached houses, in the Broxtowe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.7% inflationary increase is applied to the most recent sale price for 15 RICHMOND AVENUE of £215,000 on 13th August 2021. For the value to have increased from £215,000 to £265,915 over the four years and one month to July 2025, the following assumptions must hold true:

• The value of 15 RICHMOND AVENUE has moved in line with the HPI for detached houses in the Broxtowe local authority area.
• The August 2021 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 15 RICHMOND AVENUE has not materially changed since August 2021.

How Large is 15 RICHMOND AVENUE?

15 RICHMOND AVENUE is 56m² according to the EPC inspection conducted in May 2021. This puts it in the smallest 10% of detached houses houses in Eastwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Eastwood, and where 15 RICHMOND AVENUE lies on this distribution: 5% of detached houses houses are smaller than 15 RICHMOND AVENUE, and 94% of houses are larger. Note that EPC data is not available for all properties in Eastwood.

15 RICHMOND AVENUE: Plot and Title Map

15 RICHMOND AVENUE sits on a plot of roughly 0.082 of an acre, or 330m². The below map shows the location of 15 RICHMOND AVENUE, 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 15 RICHMOND AVENUE). 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 15 RICHMOND AVENUE?

15 RICHMOND AVENUE is located in NEWTHORPE, in the NG16 postcode district. The below map shows the position of No. 15 on RICHMOND AVENUE.