2, FAIRHAM DRIVE, NOTTINGHAM, NG8 1AL - £148,000

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 FAIRHAM DRIVE is a small extended detached house of 86m², built sometime between 1900 and 1929, which could now be worth an estimated £238,021. It was last sold for £148,000 in November 2015, which was around 25% below the average November 2015 detached price in the City of Nottingham local authority area. The most recent EPC inspection was February 2010, where the current energy rating was E, and the potential energy rating was D.

2 FAIRHAM DRIVE Sold Prices

Land registry data shows two sales for 2 FAIRHAM DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the City of Nottingham local authority area for the corresponding sale date. Both of the two 2 FAIRHAM DRIVE 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
2015 17 NOV	£148,000	£197,860	25% below HPI
1998 30 NOV	£51,000	£73,827	31% below HPI

2 FAIRHAM DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Nottingham local authority area over time, sourced from the HPI. The two 2 FAIRHAM DRIVE sales from November 1998 and November 2015 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 November 1998 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the November 2015 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 2 FAIRHAM DRIVE be worth now?

2 FAIRHAM DRIVE might now be worth an estimated £238,021.

This is based on house price inflation of 60.8%, between November 2015 and May 2026, for detached houses, in the City of Nottingham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 60.8% inflationary increase is applied to the most recent sale price for 2 FAIRHAM DRIVE of £148,000 on 17th November 2015. For the value to have increased from £148,000 to £238,021 over the eleven years and six months to May 2026, the following assumptions must hold true:

• The value of 2 FAIRHAM DRIVE has moved in line with the HPI for detached houses in the City of Nottingham local authority area.
• The November 2015 sale price of £148,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FAIRHAM DRIVE has not materially changed since November 2015.

How Large is 2 FAIRHAM DRIVE?

2 FAIRHAM DRIVE is 86m², which includes one extension, according to the EPC inspection conducted in February 2010. This puts it in the smallest 30% of detached houses houses in Nottingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nottingham, and where 2 FAIRHAM DRIVE lies on this distribution: 26% of detached houses houses are smaller than 2 FAIRHAM DRIVE, and 72% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

2 FAIRHAM DRIVE: Plot and Title Map

2 FAIRHAM DRIVE sits on a plot of roughly 0.107 of an acre, or 432m². The below map shows the location of 2 FAIRHAM DRIVE, 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 FAIRHAM DRIVE). 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 FAIRHAM DRIVE?

2 FAIRHAM DRIVE is located in NOTTINGHAM, in the NG8 postcode district. The below map shows the position of No. 2 on FAIRHAM DRIVE.