56, MURDEN WAY, BEESTON, NOTTINGHAM, NG9 2WF - £120,000

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 MURDEN WAY is a very small terraced house of 55m², built sometime between 1983 and 1990, which could now be worth an estimated £147,773. It was last sold for £120,000 in April 2021, which was around 22% below the average April 2021 terraced price in the Broxtowe local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

56 MURDEN WAY Sold Prices

Land registry data shows three sales for 56 MURDEN WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Broxtowe local authority area for the corresponding sale date. One of the three 56 MURDEN WAY sales was for below the average price, whilst two 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
2021 20 APR	£120,000	£153,796	22% below HPI
2002 23 OCT	£83,000	£65,764	26% above HPI
1997 18 APR	£42,500	£33,643	26% above HPI

56 MURDEN WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Broxtowe local authority area over time, sourced from the HPI. The three 56 MURDEN WAY sales between April 1997 and April 2021 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 2002 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the April 2021 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 56 MURDEN WAY be worth now?

56 MURDEN WAY might now be worth an estimated £147,773.

This is based on house price inflation of 23.1%, between April 2021 and May 2026, for terraced 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 23.1% inflationary increase is applied to the most recent sale price for 56 MURDEN WAY of £120,000 on 20th April 2021. For the value to have increased from £120,000 to £147,773 over the four years and eleven months to May 2026, the following assumptions must hold true:

• The value of 56 MURDEN WAY has moved in line with the HPI for terraced houses in the Broxtowe local authority area.
• The April 2021 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 56 MURDEN WAY has not materially changed since April 2021.

How Large is 56 MURDEN WAY?

56 MURDEN WAY is 55m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 10% of terraced houses houses in Beeston, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Beeston, and where 56 MURDEN WAY lies on this distribution: 1% of terraced houses houses are smaller than 56 MURDEN WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Beeston.

56 MURDEN WAY: Plot and Title Map

56 MURDEN WAY sits on a plot of roughly 3.5 acres, or 14,280m². The below map shows the location of 56 MURDEN WAY, 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 MURDEN WAY). 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 MURDEN WAY?

56 MURDEN WAY is located in BEESTON, in the NG9 postcode district. The below map shows the position of No. 56 on MURDEN WAY.