16, LAUREL WAY, BOTTESFORD, NOTTINGHAM, NG13 0FP - £175,000

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.

16 LAUREL WAY is a very small semi-detached house of 65m², built sometime between 1991 and 1995, which could now be worth an estimated £187,442. It was last sold for £175,000 in October 2020, which was around 18% below the average October 2020 semi-detached price in the Melton local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

16 LAUREL WAY Sold Prices

Land registry data shows four sales for 16 LAUREL WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Melton local authority area for the corresponding sale date. two of the four 16 LAUREL WAY sales were for below the average price, and four 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 30 OCT	£175,000	£212,821	18% below HPI
2006 6 OCT	£143,000	£145,648	2% below HPI
2003 12 DEC	£132,500	£123,235	8% above HPI
2000 1 JUN	£77,000	£66,438	16% above HPI

16 LAUREL WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Melton local authority area over time, sourced from the HPI. The four 16 LAUREL WAY sales between June 2000 and October 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 2006 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the October 2020 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 16 LAUREL WAY be worth now?

16 LAUREL WAY might now be worth an estimated £187,442.

This is based on house price inflation of 7.1%, between October 2020 and June 2025, for semi-detached houses, in the Melton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.1% inflationary increase is applied to the most recent sale price for 16 LAUREL WAY of £175,000 on 30th October 2020. For the value to have increased from £175,000 to £187,442 over the five years and four months to June 2025, the following assumptions must hold true:

• The value of 16 LAUREL WAY has moved in line with the HPI for semi-detached houses in the Melton local authority area.
• The October 2020 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 16 LAUREL WAY has not materially changed since October 2020.

How Large is 16 LAUREL WAY?

16 LAUREL WAY is 65m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 10% of semi-detached houses houses in Bottesford, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bottesford, and where 16 LAUREL WAY lies on this distribution: 4% of semi-detached houses houses are smaller than 16 LAUREL WAY, and 95% of houses are larger. Note that EPC data is not available for all properties in Bottesford.

16 LAUREL WAY: Plot and Title Map

16 LAUREL WAY sits on a plot of roughly 0.051 of an acre, or 205m². The below map shows the location of 16 LAUREL WAY, 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 16 LAUREL WAY). 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 16 LAUREL WAY?

16 LAUREL WAY is located in BOTTESFORD, in the NG13 postcode district. The below map shows the position of No. 16 on LAUREL WAY.