7, CORNWALL CLOSE, WESTWOOD, NOTTINGHAM, NG16 5JS - £145,000

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.

7 CORNWALL CLOSE is a very small detached house of 52m², built sometime between 1950 and 1966, which could now be worth an estimated £188,682. It was last sold for £145,000 in October 2019, which was around 29% below the average October 2019 detached price in the Ashfield local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

7 CORNWALL CLOSE Sold Prices

Land registry data shows three sales for 7 CORNWALL 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 Ashfield local authority area for the corresponding sale date. All of the three 7 CORNWALL CLOSE sales were 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
2019 18 OCT	£145,000	£205,369	29% below HPI
2016 31 MAR	£112,000	£170,520	34% below HPI
1998 27 NOV	£27,000	£56,814	52% below HPI

7 CORNWALL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ashfield local authority area over time, sourced from the HPI. The three 7 CORNWALL CLOSE sales between November 1998 and October 2019 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 March 2016 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the October 2019 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 7 CORNWALL CLOSE be worth now?

7 CORNWALL CLOSE might now be worth an estimated £188,682.

This is based on house price inflation of 30.1%, between October 2019 and February 2025, for detached houses, in the Ashfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.1% inflationary increase is applied to the most recent sale price for 7 CORNWALL CLOSE of £145,000 on 18th October 2019. For the value to have increased from £145,000 to £188,682 over the six years and eight months to February 2025, the following assumptions must hold true:

• The value of 7 CORNWALL CLOSE has moved in line with the HPI for detached houses in the Ashfield local authority area.
• The October 2019 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CORNWALL CLOSE has not materially changed since October 2019.

How Large is 7 CORNWALL CLOSE?

7 CORNWALL CLOSE is 52m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 20% of detached houses houses in Westwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Westwood, and where 7 CORNWALL CLOSE lies on this distribution: 14% of detached houses houses are smaller than 7 CORNWALL CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Westwood.

7 CORNWALL CLOSE: Plot and Title Map

7 CORNWALL CLOSE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 7 CORNWALL 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 7 CORNWALL 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 7 CORNWALL CLOSE?

7 CORNWALL CLOSE is located in WESTWOOD, in the NG16 postcode district. The below map shows the position of No. 7 on CORNWALL CLOSE.