56, CORNELL DRIVE, ARNOLD, NOTTINGHAM, NG5 8RF - £122,000

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.

56 CORNELL DRIVE is a very small terraced house of 65m², built sometime between 1983 and 1990, which could now be worth an estimated £229,837. It was last sold for £122,000 in December 2013, which was around 29% above the average December 2013 terraced price in the Gedling local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was D.

56 CORNELL DRIVE Sold Prices

Land registry data shows six sales for 56 CORNELL DRIVE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the Gedling local authority area for the corresponding sale date. All of the six 56 CORNELL DRIVE 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
2013 20 DEC	£122,000	£94,650	29% above HPI
2011 29 JUL	£119,999	£91,539	31% above HPI
2011 5 APR	£116,000	£90,164	29% above HPI
2005 15 FEB	£121,500	£94,309	29% above HPI
2003 1 MAY	£94,000	£73,278	28% above HPI
2001 17 OCT	£71,950	£50,839	42% above HPI

56 CORNELL DRIVE 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 six 56 CORNELL DRIVE sales between October 2001 and December 2013 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 July 2011 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the December 2013 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 56 CORNELL DRIVE be worth now?

56 CORNELL DRIVE might now be worth an estimated £229,837.

This is based on house price inflation of 88.4%, between December 2013 and April 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 88.4% inflationary increase is applied to the most recent sale price for 56 CORNELL DRIVE of £122,000 on 20th December 2013. For the value to have increased from £122,000 to £229,837 over the thirteen years and eight months to April 2026, the following assumptions must hold true:

• The value of 56 CORNELL DRIVE has moved in line with the HPI for terraced houses in the Gedling local authority area.
• The December 2013 sale price of £122,000 represented a fair market value for the property.
• The size, condition, and specification of 56 CORNELL DRIVE has not materially changed since December 2013.

How Large is 56 CORNELL DRIVE?

56 CORNELL DRIVE is 65m² according to the EPC inspection conducted in July 2011. 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 56 CORNELL DRIVE lies on this distribution: 5% of terraced houses houses are smaller than 56 CORNELL DRIVE, and 95% of houses are larger. Note that EPC data is not available for all properties in Arnold.

56 CORNELL DRIVE: Plot and Title Map

56 CORNELL DRIVE sits on a plot of roughly 0.025 of an acre, or 102m². The below map shows the location of 56 CORNELL DRIVE, 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 56 CORNELL DRIVE). 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 56 CORNELL DRIVE?

56 CORNELL DRIVE is located in ARNOLD, in the NG5 postcode district. The below map shows the position of No. 56 on CORNELL DRIVE.