24, GILBERT CLOSE, NOTTINGHAM, NG5 5UR - £94,000

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.

24 GILBERT CLOSE is a midsized flat of 56m², built sometime between 2003 and 2006, which could now be worth an estimated £87,506. It was last sold for £94,000 in August 2022, which was around 30% below the average August 2022 flat price in the City of Nottingham local authority area. The most recent EPC inspection was December 2018, where the current energy rating was C, and the potential energy rating was C.

24 GILBERT CLOSE Sold Prices

Land registry data shows two sales for 24 GILBERT CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the City of Nottingham local authority area for the corresponding sale date. One of the two 24 GILBERT CLOSE sales was for below the average price, whilst the other was 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
2022 16 AUG	£94,000	£133,773	30% below HPI
2004 20 MAY	£99,995	£83,305	20% above HPI

What might 24 GILBERT CLOSE be worth now?

24 GILBERT CLOSE might now be worth an estimated £87,506.

This is based on house price deflation of 6.9%, between August 2022 and May 2026, for flats, 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 6.9% deflationary decrease is applied to the most recent sale price for 24 GILBERT CLOSE of £94,000 on 16th August 2022. For the value to have decreased from £94,000 to £87,506 over the four years and three months to May 2026, the following assumptions must hold true:

• The value of 24 GILBERT CLOSE has moved in line with the HPI for flats in the City of Nottingham local authority area.
• The August 2022 sale price of £94,000 represented a fair market value for the property.
• The size, condition, and specification of 24 GILBERT CLOSE has not materially changed since August 2022.

How Large is 24 GILBERT CLOSE?

24 GILBERT CLOSE is 56m² according to the EPC inspection conducted in December 2018. This puts it in the smallest 50% of flats in Nottingham, based on EPC data. 43% of flats are smaller than 24 GILBERT CLOSE, and 54% of flats are larger. Note that EPC data is not available for all properties in Nottingham.

24 GILBERT CLOSE: Plot

24 GILBERT CLOSE sits on a plot of roughly 1.7 acres, or 6,946m².

Where is 24 GILBERT CLOSE?

24 GILBERT CLOSE is located in NOTTINGHAM, in the NG5 postcode district.