2, RIVERLANDS CLOSE, GUNTHORPE, NOTTINGHAM, NG14 7GA - £445,000

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 RIVERLANDS CLOSE is a large extended detached house of 161m², built sometime between 1991 and 1995, which could now be worth an estimated £567,003. It was last sold for £445,000 in August 2019, which was around 58% above the average August 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was May 2018, where the current energy rating was C, and the potential energy rating was C.

2 RIVERLANDS CLOSE Sold Prices

Land registry data shows two sales for 2 RIVERLANDS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Both of the two 2 RIVERLANDS 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
2019 16 AUG	£445,000	£280,795	58% above HPI
2001 8 JUN	£179,950	£104,312	73% above HPI

2 RIVERLANDS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The two 2 RIVERLANDS CLOSE sales from June 2001 and August 2019 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 June 2001 sale was for 73% above the HPI. So the extrapolation line tracks at 73% above the HPI over time, until the August 2019 sale, where it falls to 58% above the HPI. The line then continues to track at 58% above the HPI.

What might 2 RIVERLANDS CLOSE be worth now?

2 RIVERLANDS CLOSE might now be worth an estimated £567,003.

This is based on house price inflation of 27.4%, between August 2019 and April 2026, for detached houses, in the Newark and Sherwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.4% inflationary increase is applied to the most recent sale price for 2 RIVERLANDS CLOSE of £445,000 on 16th August 2019. For the value to have increased from £445,000 to £567,003 over the seven years and four months to April 2026, the following assumptions must hold true:

• The value of 2 RIVERLANDS CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The August 2019 sale price of £445,000 represented a fair market value for the property.
• The size, condition, and specification of 2 RIVERLANDS CLOSE has not materially changed since August 2019.

How Large is 2 RIVERLANDS CLOSE?

2 RIVERLANDS CLOSE is 161m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the largest 40% of detached houses houses in Gunthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gunthorpe, and where 2 RIVERLANDS CLOSE lies on this distribution: 63% of detached houses houses are smaller than 2 RIVERLANDS CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Gunthorpe.

2 RIVERLANDS CLOSE: Plot and Title Map

2 RIVERLANDS CLOSE sits on a plot of roughly 0.099 of an acre, or 400m². The below map shows the location of 2 RIVERLANDS 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 RIVERLANDS 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 RIVERLANDS CLOSE?

2 RIVERLANDS CLOSE is located in GUNTHORPE, in the NG14 postcode district. The below map shows the position of No. 2 on RIVERLANDS CLOSE.