2, DE MORGAN CLOSE, UNDERWOOD, NOTTINGHAM, NG16 5EU - £205,000

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 DE MORGAN CLOSE is a large detached house of 130m², built sometime between 1976 and 1982, which could now be worth an estimated £341,442. It was last sold for £205,000 in July 2014, which was around 27% above the average July 2014 detached price in the Ashfield local authority area. The most recent EPC inspection was July 2014, where the current energy rating was E, and the potential energy rating was B.

2 DE MORGAN CLOSE Sold Prices

Land registry data shows three sales for 2 DE MORGAN 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 Ashfield local authority area for the corresponding sale date. All of the three 2 DE MORGAN 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
2014 11 JUL	£205,000	£161,172	27% above HPI
1998 22 MAY	£98,500	£60,692	62% above HPI
1995 15 DEC	£94,000	£55,149	70% above HPI

2 DE MORGAN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ashfield local authority area over time, sourced from the HPI. The three 2 DE MORGAN CLOSE sales between December 1995 and July 2014 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 May 1998 sale was for 62% above the HPI. So the extrapolation line tracks at 62% above the HPI over time, until the July 2014 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 2 DE MORGAN CLOSE be worth now?

2 DE MORGAN CLOSE might now be worth an estimated £341,442.

This is based on house price inflation of 66.6%, between July 2014 and April 2026, for detached houses, in the Ashfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 66.6% inflationary increase is applied to the most recent sale price for 2 DE MORGAN CLOSE of £205,000 on 11th July 2014. For the value to have increased from £205,000 to £341,442 over the twelve years and three months to April 2026, the following assumptions must hold true:

• The value of 2 DE MORGAN CLOSE has moved in line with the HPI for detached houses in the Ashfield local authority area.
• The July 2014 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 2 DE MORGAN CLOSE has not materially changed since July 2014.

How Large is 2 DE MORGAN CLOSE?

2 DE MORGAN CLOSE is 130m² according to the EPC inspection conducted in July 2014. This puts it in the largest 40% of detached houses houses in Underwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Underwood, and where 2 DE MORGAN CLOSE lies on this distribution: 69% of detached houses houses are smaller than 2 DE MORGAN CLOSE, and 31% of houses are larger. Note that EPC data is not available for all properties in Underwood.

2 DE MORGAN CLOSE: Plot and Title Map

2 DE MORGAN CLOSE sits on a plot of roughly 0.127 of an acre, or 513m². The below map shows the location of 2 DE MORGAN 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 DE MORGAN 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 DE MORGAN CLOSE?

2 DE MORGAN CLOSE is located in UNDERWOOD, in the NG16 postcode district. The below map shows the position of No. 2 on DE MORGAN CLOSE.