3, GERRARD CLOSE, ARNOLD, NOTTINGHAM, NG5 9QL - £115,000

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.

3 GERRARD CLOSE is a very small terraced house of 42m², built sometime between 1983 and 1990, which could now be worth an estimated £118,083. It was last sold for £115,000 in January 2023, which was around 34% below the average January 2023 terraced price in the Gedling local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

3 GERRARD CLOSE Sold Prices

Land registry data shows three sales for 3 GERRARD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Gedling local authority area for the corresponding sale date. All of the three 3 GERRARD CLOSE 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
2023 4 JAN	£115,000	£173,657	34% below HPI
2007 30 MAR	£74,000	£102,134	28% below HPI
1999 30 NOV	£28,500	£39,036	27% below HPI

3 GERRARD CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Gedling local authority area over time, sourced from the HPI. The three 3 GERRARD CLOSE sales between November 1999 and January 2023 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 March 2007 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the January 2023 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 3 GERRARD CLOSE be worth now?

3 GERRARD CLOSE might now be worth an estimated £118,083.

This is based on house price inflation of 2.7%, between January 2023 and April 2026, for terraced houses, in the Gedling local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.7% inflationary increase is applied to the most recent sale price for 3 GERRARD CLOSE of £115,000 on 4th January 2023. For the value to have increased from £115,000 to £118,083 over the two years and nine months to April 2026, the following assumptions must hold true:

• The value of 3 GERRARD CLOSE has moved in line with the HPI for terraced houses in the Gedling local authority area.
• The January 2023 sale price of £115,000 represented a fair market value for the property.
• The size, condition, and specification of 3 GERRARD CLOSE has not materially changed since January 2023.

How Large is 3 GERRARD CLOSE?

3 GERRARD CLOSE is 42m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 10% of terraced houses houses in Nottingham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Nottingham, and where 3 GERRARD CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 3 GERRARD CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

3 GERRARD CLOSE: Plot and Title Map

3 GERRARD CLOSE sits on a plot of roughly 0.028 of an acre, or 114m². The below map shows the location of 3 GERRARD 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 GERRARD 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 GERRARD CLOSE?

3 GERRARD CLOSE is located in ARNOLD, in the NG5 postcode district. The below map shows the position of No. 3 on GERRARD CLOSE.