3, LACE STREET, NOTTINGHAM, NG7 2JT - £192,500

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 LACE STREET is a very small terraced house of 63m², built sometime between 1976 and 1982, which could now be worth an estimated £225,688. It was last sold for £192,500 in November 2021, which was around 29% above the average November 2021 terraced price in the City of Nottingham local authority area. The most recent EPC inspection was January 2017, where the current energy rating was D, and the potential energy rating was B.

3 LACE STREET Sold Prices

Land registry data shows four sales for 3 LACE STREET since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the City of Nottingham local authority area for the corresponding sale date. All of the four 3 LACE STREET 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
2021 26 NOV	£192,500	£149,544	29% above HPI
2017 18 MAY	£134,000	£107,052	25% above HPI
2005 10 MAY	£124,000	£87,978	41% above HPI
2000 19 MAY	£59,100	£36,755	61% above HPI

3 LACE STREET Price Paid vs. HPI Average

The below graph shows the average terraced house price in the City of Nottingham local authority area over time, sourced from the HPI. The four 3 LACE STREET sales between May 2000 and November 2021 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 2017 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the November 2021 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 3 LACE STREET be worth now?

3 LACE STREET might now be worth an estimated £225,688.

This is based on house price inflation of 17.2%, between November 2021 and July 2025, for terraced houses, 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 17.2% inflationary increase is applied to the most recent sale price for 3 LACE STREET of £192,500 on 26th November 2021. For the value to have increased from £192,500 to £225,688 over the four years and four months to July 2025, the following assumptions must hold true:

• The value of 3 LACE STREET has moved in line with the HPI for terraced houses in the City of Nottingham local authority area.
• The November 2021 sale price of £192,500 represented a fair market value for the property.
• The size, condition, and specification of 3 LACE STREET has not materially changed since November 2021.

How Large is 3 LACE STREET?

3 LACE STREET is 63m² according to the EPC inspection conducted in January 2017. 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 LACE STREET lies on this distribution: 6% of terraced houses houses are smaller than 3 LACE STREET, and 94% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

3 LACE STREET: Plot and Title Map

3 LACE STREET sits on a plot of roughly 0.039 of an acre, or 158m². The below map shows the location of 3 LACE STREET, 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 LACE STREET). 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 LACE STREET?

3 LACE STREET is located in NOTTINGHAM, in the NG7 postcode district. The below map shows the position of No. 3 on LACE STREET.