3, ROCKET CLOSE, WATNALL, NOTTINGHAM, NG16 1GE - £300,000

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 ROCKET CLOSE is a small extended detached house of 113m², built sometime between 1996 and 2002, which could now be worth an estimated £407,146. It was last sold for £300,000 in October 2019, which was around 13% above the average October 2019 detached price in the Broxtowe local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

3 ROCKET CLOSE Sold Prices

Land registry data shows four sales for 3 ROCKET CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Broxtowe local authority area for the corresponding sale date. Most of the four 3 ROCKET CLOSE 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
2019 9 OCT	£300,000	£264,539	13% above HPI
2012 12 DEC	£214,000	£192,012	11% above HPI
2004 18 JUN	£150,000	£185,321	19% below HPI
2001 31 DEC	£156,432	£114,601	37% above HPI

3 ROCKET CLOSE 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 four 3 ROCKET CLOSE sales between December 2001 and October 2019 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 December 2012 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the October 2019 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 3 ROCKET CLOSE be worth now?

3 ROCKET CLOSE might now be worth an estimated £407,146.

This is based on house price inflation of 35.7%, between October 2019 and April 2026, 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 35.7% inflationary increase is applied to the most recent sale price for 3 ROCKET CLOSE of £300,000 on 9th October 2019. For the value to have increased from £300,000 to £407,146 over the seven years and six months to April 2026, the following assumptions must hold true:

• The value of 3 ROCKET CLOSE has moved in line with the HPI for detached houses in the Broxtowe local authority area.
• The October 2019 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 3 ROCKET CLOSE has not materially changed since October 2019.

How Large is 3 ROCKET CLOSE?

3 ROCKET CLOSE is 113m², which includes one extension, according to the EPC inspection conducted in November 2015. 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 3 ROCKET CLOSE lies on this distribution: 37% of detached houses houses are smaller than 3 ROCKET CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Watnall.

3 ROCKET CLOSE: Plot and Title Map

3 ROCKET CLOSE sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of 3 ROCKET 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 ROCKET 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 ROCKET CLOSE?

3 ROCKET CLOSE is located in WATNALL, in the NG16 postcode district. The below map shows the position of No. 3 on ROCKET CLOSE.