2, THE ELMS, WATNALL, NOTTINGHAM, NG16 1JT - £400,000

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 THE ELMS is a midsized detached house of 114m², built sometime between 1950 and 1966, which could now be worth an estimated £426,813. It was last sold for £400,000 in June 2022, which was around 20% above the average June 2022 detached price in the Broxtowe local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was B.

2 THE ELMS Sold Prices

Land registry data shows two sales for 2 THE ELMS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broxtowe local authority area for the corresponding sale date. One of the two 2 THE ELMS sales was for above the average price, whilst the other was 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
2022 6 JUN	£400,000	£333,527	20% above HPI
2004 29 JUL	£144,500	£187,981	23% below HPI

2 THE ELMS 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 two 2 THE ELMS sales from July 2004 and June 2022 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 July 2004 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the June 2022 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 2 THE ELMS be worth now?

2 THE ELMS might now be worth an estimated £426,813.

This is based on house price inflation of 6.7%, between June 2022 and February 2025, 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 6.7% inflationary increase is applied to the most recent sale price for 2 THE ELMS of £400,000 on 6th June 2022. For the value to have increased from £400,000 to £426,813 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of 2 THE ELMS has moved in line with the HPI for detached houses in the Broxtowe local authority area.
• The June 2022 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE ELMS has not materially changed since June 2022.

How Large is 2 THE ELMS?

2 THE ELMS is 114m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 40% of detached houses houses in Watnall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Watnall, and where 2 THE ELMS lies on this distribution: 40% of detached houses houses are smaller than 2 THE ELMS, and 59% of houses are larger. Note that EPC data is not available for all properties in Watnall.

2 THE ELMS: Plot and Title Map

2 THE ELMS sits on a plot of roughly 0.099 of an acre, or 401m². The below map shows the location of 2 THE ELMS, 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 THE ELMS). 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 THE ELMS?

2 THE ELMS is located in WATNALL, in the NG16 postcode district. The below map shows the position of No. 2 on THE ELMS.