38, BORMAN CLOSE, NOTTINGHAM, NG6 7AY - £147,500

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.

38 BORMAN CLOSE is a very small detached house of 62m², built sometime between 1983 and 1990, which could now be worth an estimated £203,677. It was last sold for £147,500 in August 2019, which was around 37% below the average August 2019 detached price in the City of Nottingham local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was B.

38 BORMAN CLOSE Sold Prices

Land registry data shows four sales for 38 BORMAN 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 City of Nottingham local authority area for the corresponding sale date. All of the four 38 BORMAN 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
2019 23 AUG	£147,500	£234,615	37% below HPI
2007 21 JUN	£143,000	£178,149	20% below HPI
1997 17 JUL	£47,000	£71,921	35% below HPI
1995 19 MAY	£53,100	£65,476	19% below HPI

38 BORMAN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Nottingham local authority area over time, sourced from the HPI. The four 38 BORMAN CLOSE sales between May 1995 and August 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 June 2007 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2019 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 38 BORMAN CLOSE be worth now?

38 BORMAN CLOSE might now be worth an estimated £203,677.

This is based on house price inflation of 38.1%, between August 2019 and February 2025, for detached 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 38.1% inflationary increase is applied to the most recent sale price for 38 BORMAN CLOSE of £147,500 on 23rd August 2019. For the value to have increased from £147,500 to £203,677 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of 38 BORMAN CLOSE has moved in line with the HPI for detached houses in the City of Nottingham local authority area.
• The August 2019 sale price of £147,500 represented a fair market value for the property.
• The size, condition, and specification of 38 BORMAN CLOSE has not materially changed since August 2019.

How Large is 38 BORMAN CLOSE?

38 BORMAN CLOSE is 62m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 10% of detached houses houses in Nottingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nottingham, and where 38 BORMAN CLOSE lies on this distribution: 5% of detached houses houses are smaller than 38 BORMAN CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

38 BORMAN CLOSE: Plot and Title Map

38 BORMAN CLOSE sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of 38 BORMAN 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 38 BORMAN 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 38 BORMAN CLOSE?

38 BORMAN CLOSE is located in NOTTINGHAM, in the NG6 postcode district. The below map shows the position of No. 38 on BORMAN CLOSE.