2, CHERRY TREE CLOSE, BRINSLEY, NOTTINGHAM, NG16 5BA - £240,000

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.

2 CHERRY TREE CLOSE is a very small detached house of 62m², built sometime between 1950 and 1966, which could now be worth an estimated £352,185. It was last sold for £240,000 in August 2017, which was around 2% below the average August 2017 detached price in the Broxtowe local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was B.

2 CHERRY TREE CLOSE Sold Prices

Land registry data shows three sales for 2 CHERRY TREE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broxtowe local authority area for the corresponding sale date. All of the three 2 CHERRY TREE CLOSE 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
2017 24 AUG	£240,000	£244,658	2% below HPI
2014 15 DEC	£150,000	£207,610	28% below HPI
2006 1 AUG	£118,500	£199,821	41% below HPI

2 CHERRY TREE CLOSE 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 three 2 CHERRY TREE CLOSE sales between August 2006 and August 2017 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 2014 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2017 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 2 CHERRY TREE CLOSE be worth now?

2 CHERRY TREE CLOSE might now be worth an estimated £352,185.

This is based on house price inflation of 46.7%, between August 2017 and April 2026, 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 46.7% inflationary increase is applied to the most recent sale price for 2 CHERRY TREE CLOSE of £240,000 on 24th August 2017. For the value to have increased from £240,000 to £352,185 over the nine years and four months to April 2026, the following assumptions must hold true:

• The value of 2 CHERRY TREE CLOSE has moved in line with the HPI for detached houses in the Broxtowe local authority area.
• The August 2017 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CHERRY TREE CLOSE has not materially changed since August 2017.

How Large is 2 CHERRY TREE CLOSE?

2 CHERRY TREE CLOSE is 62m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 10% of detached houses houses in Brinsley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Brinsley, and where 2 CHERRY TREE CLOSE lies on this distribution: 5% of detached houses houses are smaller than 2 CHERRY TREE CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Brinsley.

2 CHERRY TREE CLOSE: Plot and Title Map

2 CHERRY TREE CLOSE sits on a plot of roughly 0.083 of an acre, or 335m². The below map shows the location of 2 CHERRY TREE 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 2 CHERRY TREE 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 2 CHERRY TREE CLOSE?

2 CHERRY TREE CLOSE is located in BRINSLEY, in the NG16 postcode district. The below map shows the position of No. 2 on CHERRY TREE CLOSE.