6, ROCKET CLOSE, WATNALL, NOTTINGHAM, NG16 1GE - £385,000

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.

6 ROCKET CLOSE is a large extended detached house of 136m², built sometime between 1996 and 2002, which could now be worth an estimated £459,201. It was last sold for £385,000 in February 2021, which was around 29% above the average February 2021 detached price in the Broxtowe local authority area. The most recent EPC inspection was December 2015, where the current energy rating was E, and the potential energy rating was B.

6 ROCKET CLOSE Sold Prices

Land registry data shows three sales for 6 ROCKET CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broxtowe local authority area for the corresponding sale date. All of the three 6 ROCKET 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
2021 9 FEB	£385,000	£298,378	29% above HPI
2004 12 AUG	£229,000	£192,063	19% above HPI
2002 31 MAY	£167,950	£125,807	33% above HPI

6 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 three 6 ROCKET CLOSE sales between May 2002 and February 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 August 2004 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the February 2021 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 6 ROCKET CLOSE be worth now?

6 ROCKET CLOSE might now be worth an estimated £459,201.

This is based on house price inflation of 19.3%, between February 2021 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 19.3% inflationary increase is applied to the most recent sale price for 6 ROCKET CLOSE of £385,000 on 9th February 2021. For the value to have increased from £385,000 to £459,201 over the four years to February 2025, the following assumptions must hold true:

• The value of 6 ROCKET CLOSE has moved in line with the HPI for detached houses in the Broxtowe local authority area.
• The February 2021 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 6 ROCKET CLOSE has not materially changed since February 2021.

How Large is 6 ROCKET CLOSE?

6 ROCKET CLOSE is 136m², which includes two extensions, according to the EPC inspection conducted in December 2015. This puts it in the largest 40% 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 6 ROCKET CLOSE lies on this distribution: 64% of detached houses houses are smaller than 6 ROCKET CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Watnall.

6 ROCKET CLOSE: Plot and Title Map

6 ROCKET CLOSE sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 6 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 6 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 6 ROCKET CLOSE?

6 ROCKET CLOSE is located in WATNALL, in the NG16 postcode district. The below map shows the position of No. 6 on ROCKET CLOSE.