5, HONINGHAM CLOSE, ARNOLD, NOTTINGHAM, NG5 6SG - £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.

5 HONINGHAM CLOSE is a very small terraced house of 50m², built sometime between 1967 and 1975, which could now be worth an estimated £166,927. It was last sold for £147,500 in February 2022, which was around 7% below the average February 2022 terraced price in the Gedling local authority area. The most recent EPC inspection was April 2017, where the current energy rating was C, and the potential energy rating was B.

5 HONINGHAM CLOSE Sold Prices

Land registry data shows five sales for 5 HONINGHAM CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Gedling local authority area for the corresponding sale date. Most of the five 5 HONINGHAM 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
2022 4 FEB	£147,500	£158,663	7% below HPI
2004 7 MAY	£88,000	£85,666	3% above HPI
1999 13 AUG	£44,250	£37,994	16% above HPI
1998 11 SEP	£43,000	£35,945	20% above HPI
1995 15 SEP	£39,500	£33,869	17% above HPI

5 HONINGHAM 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 five 5 HONINGHAM CLOSE sales between September 1995 and February 2022 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 2004 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the February 2022 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 5 HONINGHAM CLOSE be worth now?

5 HONINGHAM CLOSE might now be worth an estimated £166,927.

This is based on house price inflation of 13.2%, between February 2022 and May 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 13.2% inflationary increase is applied to the most recent sale price for 5 HONINGHAM CLOSE of £147,500 on 4th February 2022. For the value to have increased from £147,500 to £166,927 over the three years and nine months to May 2026, the following assumptions must hold true:

• The value of 5 HONINGHAM CLOSE has moved in line with the HPI for terraced houses in the Gedling local authority area.
• The February 2022 sale price of £147,500 represented a fair market value for the property.
• The size, condition, and specification of 5 HONINGHAM CLOSE has not materially changed since February 2022.

How Large is 5 HONINGHAM CLOSE?

5 HONINGHAM CLOSE is 50m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 10% of terraced houses houses in Arnold, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Arnold, and where 5 HONINGHAM CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 5 HONINGHAM CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Arnold.

5 HONINGHAM CLOSE: Plot and Title Map

5 HONINGHAM CLOSE sits on a plot of roughly 0.019 of an acre, or 75m². The below map shows the location of 5 HONINGHAM 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 5 HONINGHAM 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 5 HONINGHAM CLOSE?

5 HONINGHAM CLOSE is located in ARNOLD, in the NG5 postcode district. The below map shows the position of No. 5 on HONINGHAM CLOSE.