3, BUTTERMERE CLOSE, GAMSTON, NOTTINGHAM, NG2 6NB - £282,500

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.

3 BUTTERMERE CLOSE is a midsized detached house of 110m², built sometime between 1996 and 2002, which could now be worth an estimated £495,664. It was last sold for £282,500 in January 2013, which was around 1% above the average January 2013 detached price in the Rushcliffe local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was C.

3 BUTTERMERE CLOSE Sold Prices

Land registry data shows three sales for 3 BUTTERMERE 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 Rushcliffe local authority area for the corresponding sale date. The three 3 BUTTERMERE CLOSE sales were a mix of above the average price, and roughly equal to 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
2013 9 JAN	£282,500	£278,538	1% above HPI
2007 4 MAY	£282,000	£281,958	Close to HPI
1999 29 OCT	£134,950	£119,275	13% above HPI

3 BUTTERMERE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rushcliffe local authority area over time, sourced from the HPI. The three 3 BUTTERMERE CLOSE sales between October 1999 and January 2013 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 2007 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the January 2013 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 3 BUTTERMERE CLOSE be worth now?

3 BUTTERMERE CLOSE might now be worth an estimated £495,664.

This is based on house price inflation of 75.5%, between January 2013 and May 2026, for detached houses, in the Rushcliffe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 75.5% inflationary increase is applied to the most recent sale price for 3 BUTTERMERE CLOSE of £282,500 on 9th January 2013. For the value to have increased from £282,500 to £495,664 over the twelve years and eight months to May 2026, the following assumptions must hold true:

• The value of 3 BUTTERMERE CLOSE has moved in line with the HPI for detached houses in the Rushcliffe local authority area.
• The January 2013 sale price of £282,500 represented a fair market value for the property.
• The size, condition, and specification of 3 BUTTERMERE CLOSE has not materially changed since January 2013.

How Large is 3 BUTTERMERE CLOSE?

3 BUTTERMERE CLOSE is 110m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 50% of detached houses houses in Gamston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gamston, and where 3 BUTTERMERE CLOSE lies on this distribution: 41% of detached houses houses are smaller than 3 BUTTERMERE CLOSE, and 57% of houses are larger. Note that EPC data is not available for all properties in Gamston.

3 BUTTERMERE CLOSE: Plot and Title Map

3 BUTTERMERE CLOSE sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 3 BUTTERMERE 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 3 BUTTERMERE 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 3 BUTTERMERE CLOSE?

3 BUTTERMERE CLOSE is located in GAMSTON, in the NG2 postcode district. The below map shows the position of No. 3 on BUTTERMERE CLOSE.