4, ROCKET CLOSE, WATNALL, NOTTINGHAM, NG16 1GE - £248,000

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.

4 ROCKET CLOSE is a small detached house of 105m², built sometime between 1991 and 1995, which could now be worth an estimated £428,487. It was last sold for £248,000 in November 2014, which was around 20% above the average November 2014 detached price in the Broxtowe local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

4 ROCKET CLOSE Sold Prices

Land registry data shows two sales for 4 ROCKET CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broxtowe local authority area for the corresponding sale date. One of the two 4 ROCKET CLOSE sales was for above the average price, whilst the other was 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
2014 4 NOV	£248,000	£205,979	20% above HPI
2002 29 MAY	£70,950	£125,807	44% below HPI

4 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 two 4 ROCKET CLOSE sales from May 2002 and November 2014 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 2002 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the November 2014 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 4 ROCKET CLOSE be worth now?

4 ROCKET CLOSE might now be worth an estimated £428,487.

This is based on house price inflation of 72.8%, between November 2014 and February 2025, 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 72.8% inflationary increase is applied to the most recent sale price for 4 ROCKET CLOSE of £248,000 on 4th November 2014. For the value to have increased from £248,000 to £428,487 over the eleven years and nine months to February 2025, the following assumptions must hold true:

• The value of 4 ROCKET CLOSE has moved in line with the HPI for detached houses in the Broxtowe local authority area.
• The November 2014 sale price of £248,000 represented a fair market value for the property.
• The size, condition, and specification of 4 ROCKET CLOSE has not materially changed since November 2014.

How Large is 4 ROCKET CLOSE?

4 ROCKET CLOSE is 105m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 30% 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 4 ROCKET CLOSE lies on this distribution: 26% of detached houses houses are smaller than 4 ROCKET CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Watnall.

4 ROCKET CLOSE: Plot and Title Map

4 ROCKET CLOSE sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of 4 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 4 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 4 ROCKET CLOSE?

4 ROCKET CLOSE is located in WATNALL, in the NG16 postcode district. The below map shows the position of No. 4 on ROCKET CLOSE.