5, MERCIA CLOSE, GILTBROOK, NOTTINGHAM, NG16 2XF - £325,000

5 MERCIA CLOSE is a midsized extended detached house of 94m², built sometime between 2003 and 2006. It was last sold for £325,000 in May 2022, which was about the average May 2022 detached price in the Broxtowe local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

5 MERCIA CLOSE Sold Prices

Land registry data shows two sales for 5 MERCIA 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 5 MERCIA CLOSE sales was roughly equal to 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
2022 16 MAY	£325,000	£324,025	Close to HPI
2005 7 OCT	£184,950	£194,383	5% below HPI

5 MERCIA 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 5 MERCIA CLOSE sales from October 2005 and May 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 October 2005 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the May 2022 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 5 MERCIA CLOSE?

5 MERCIA CLOSE is 94m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the largest 50% of detached houses in Eastwood, based on EPC data. The below chart shows the distribution of detached houses by size in Eastwood, and where 5 MERCIA CLOSE lies on this distribution: 57% of detached houses are smaller than 5 MERCIA CLOSE, and 42% of houses are larger. Note that EPC data is not available for all properties in Eastwood.

5 MERCIA CLOSE: Plot and Title Map

5 MERCIA CLOSE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 5 MERCIA 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 MERCIA 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 MERCIA CLOSE?

5 MERCIA CLOSE is located in GILTBROOK, in the NG16 postcode district. The below map shows the position of No. 5 on MERCIA CLOSE.